Reading Time: 2 minutes Reuters — Attorneys for Bayer and U.S. consumers suing the company over allegations its Roundup herbicide caused cancer told a judge on Thursday they are continuing to resolve thousands more U.S. cases, improving prospects for its US$11 billion deal to end the litigation. The hearing was a contrast to the contentious tone among the parties […] Read more
Tag Archives glyphosate
Bayer resolves more U.S. Roundup cases
Judge keeps pause on litigation
New Brunswick returns ag minister, ag critic in election
Liberals' former ag minister among casualties
Reading Time: 2 minutes New Brunswick’s incumbent agriculture minister and opposition ag critic are among those returning to the legislative assembly as the provincial Tories locked in a governing majority. As of 9 p.m. CT Monday, incumbent Premier Blaine Higgs’ Progressive Conservatives, who went into the vote with a 22-seat minority government, were elected in 27 of 49 ridings. […] Read more
Mexico to phase out use of glyphosate
Farmers to have until 2024 to phase out herbicide
Reading Time: < 1 minute Mexico City | Reuters — Mexico will gradually phase out use of the herbicide glyphosate by the time the current administration ends in late 2024, President Andres Manuel Lopez Obrador said on Wednesday, following a ministerial spat over the product. Acknowledging differences between his agriculture and environment ministries over the herbicide, which is used in […] Read more
Bayer books second-quarter loss after settlement
Reading Time: < 1 minute Frankfurt | Reuters — German drugs and pesticides group Bayer reported a 9.5 billion-euro (C$14.86 billion) net loss for its second quarter, following a US$10.9 billion settlement of U.S. lawsuits claiming that its Roundup herbicide caused cancer. The charges stemmed mainly from agreements which attempted to wrap up legal disputes inherited with its US$63 billion […] Read more
Bayer loses California appeal of Roundup verdict
Damages payable to plaintiff are further reduced
Reading Time: 2 minutes Reuters — Bayer AG failed to persuade a California appeals court to overturn a verdict favouring a school groundskeeper who claimed its Roundup weed killer caused his cancer but reduced the amount of damages by 74 per cent, to US$20.5 million. The decision by the California Court of Appeal came after a San Francisco jury […] Read more
Bayer puts Roundup future claims settlement on hold
Judge questions proposal for third-party scientists to rule on chemical's carcinogenicity
Reading Time: 2 minutes Frankfurt | Reuters — Bayer was forced on Wednesday to delay part of a proposed settlement of allegations that its widely used herbicide Roundup caused cancer after a U.S. judge questioned its plan to deal with future claims. The German company said that lawyers representing those preparing a class action had withdrawn a request for […] Read more
Editorial: Bayer puts faith in science in lawsuit settlement
Reading Time: 3 minutes Legal systems can be strange and expensive, especially in the United States where it seems that it’s less expensive to pay massive sums to settle disputes, even if you expect you will be exonerated by scientific proof. Bayer CropScience announced recently it was paying more than $10 billion because of lawsuits relating to the use […] Read more
Investors pile into Bayer bond to pay settlement charges
Reading Time: < 1 minute Amsterdam | Reuters — Investors piled into a Bayer bond on Wednesday that will help pay for a long-negotiated settlement of U.S. lawsuits claiming its widely-used herbicide Roundup caused cancer. Demand for the four-tranche bond sale, whose proceeds will include the litigation payments, exceeded 17.5 billion euros, nearly three times the six billion euros (C$9.15 […] Read more
U.S. settlements not expected to change availability, labels for glyphosate, dicamba
Bayer to pay up to US$12 billion to resolve ag chem, PCB claims; company is "not contemplating" a Canadian glyphosate settlement
Reading Time: 5 minutes Updated, June 25 — Farmers in Canada, the U.S. and elsewhere shouldn’t expect any changes to availability or label directions for Bayer’s stable of glyphosate and dicamba herbicides, coming out of a massive settlement for thousands of lawsuits, the company says. The German company announced Wednesday it expects to spend up to $12 billion in […] Read more
Bayer reportedly near glyphosate settlement after lengthy talks
Proposed settlement said to include $2 billion for future cases
Reading Time: 2 minutes Reuters — Germany’s Bayer is set to reach a settlement this week with U.S. plaintiffs that claim its glyphosate-based herbicides cause cancer, two people familiar with the matter told Reuters. After more than a year of talks, however, some details and the overall amount of the settlement have yet to be finalised, one of the […] Read more
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