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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Bayer reportedly near glyphosate settlement after lengthy talks
Proposed settlement said to include $2 billion for future cases
Bayer reported inching toward glyphosate settlement
Reuters — Bayer has agreed on draft settlement terms with half a dozen law firms representing tens of thousands of plaintiffs alleging that its Roundup herbicide causes cancer, the Wall Street Journal reported on Friday, citing people familiar with the matter. Shares of the German drugs and pesticides company have come under immense pressure since […] Read more
Bayer considers new tactic in Roundup settlement talks
Reuters — As Bayer tries to settle U.S. lawsuits claiming that its Roundup herbicide causes cancer, the company is considering a proposal that would bar plaintiffs’ lawyers involved in the litigation from advertising for new clients, according to a person familiar with the matter. Bayer has said it is engaged in mediation to resolve the […] Read more
U.S. EPA reaffirms glyphosate does not cause cancer
Chicago | Reuters — The U.S. Environmental Protection Agency said on Thursday it finished a regulatory review that found glyphosate, the most widely used herbicide in the United States, is not a carcinogen. The conclusion reaffirms the agency’s stance on glyphosate, the key ingredient in Bayer’s Roundup, despite judgments by U.S. juries that have found […] Read more
Bayer mediator dismisses report of Roundup settlement
New York/Frankfurt | Reuters — Bayer AG has not offered to pay billions of dollars to settle claims in the United States related to the Roundup herbicide, mediator Ken Feinberg said, dismissing a report to that effect which drove its shares as much as 11 per cent higher. “Bayer has not proposed paying $8 billion […] Read more
Bayer seeks glyphosate litigation advice as Elliott reveals stake
Frankfurt | Reuters — Chemicals giant Bayer , under pressure from activist shareholders, said on Wednesday it has hired an external lawyer to advise its supervisory board and has set up a committee to help resolve a multi-billion dollar glyphosate litigation issue. Bayer has seen its share price tumble in the wake of its US$63 […] Read more
CP’s signal maintainers ratify three-year deal
Signal and communications employees with Canadian Pacific Railway (CP) have voted to accept a tentative three-year deal that helped end a 33-hour work stoppage in late May. CP and the International Brotherhood of Electrical Workers (IBEW) System Council No. 11, which represents 360 CP signal maintainers, announced Friday the union’s CP members had voted 78 […] Read more
U.S. farmers seek approval of GMO corn settlement with Syngenta
Reuters –– U.S. farmers suing Syngenta over its decision to commercialize a genetically modified (GMO) strain of corn before China approved importing it sought court approval on Monday of a record US$1.51 billion settlement with the Swiss seed company. The deal covers U.S. corn producers, grain handling facilities and ethanol plants nationwide that sold corn […] Read more
Syngenta agrees to settle GMO corn litigation
Reuters — Syngenta has agreed to pay close to US$1.5 billion to resolve lawsuits stemming from its decision to commercialize a genetically modified strain of corn before China approved importing it, a person familiar with the matter said on Tuesday. The Swiss company confirmed that it has reached a settlement, without confirming the financial terms. […] Read more
Beef processor cuts deal with ABC in ‘pink slime’ defamation case
Reuters — Beef Products Inc. has settled a closely watched defamation lawsuit against American Broadcasting Co. and its reporter Jim Avila, the meat processor said on Wednesday. BPI had claimed that ABC, a unit of Walt Disney Co., and Avila defamed the company by calling its ground-beef product “pink slime” and making errors and omissions […] Read more
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