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Monsanto

All articles tagged with #monsanto

business16 days ago•2 min saved

Bayer promotes $7.25B plan to settle Roundup lawsuits without admitting fault

Bayer's Monsanto unit proposed a $7.25 billion settlement to resolve Roundup non-Hodgkin lymphoma lawsuits, with annual payments over up to 21 years if approved; the deal includes no admission of liability and would lift Bayer's total litigation liability to about €11.8 billion, plus roughly €3 billion in other Roundup settlements. The lawsuits stem from Bayer's 2018 acquisition of Monsanto, and Roundup remains on the market as Bayer maintains its safety claims.

via CBS News|

#bayer #business #monsanto

world-and-nation1 month ago•6 min saved

High Court weighs Roundup lawsuits shield

The Supreme Court will hear Monsanto’s bid to preempt state-law warnings about Roundup’s cancer risk under federal pesticide law, potentially shielding the company from tens of thousands of lawsuits even though the EPA has not required a cancer warning. The case could affect more than 100,000 plaintiffs and clarify whether federal rules override state claims; a decision is expected by late June with arguments possibly in April.

via Los Angeles Times|

#glyphosate #monsanto #preemption

entertainment1 year ago•1 min saved

Netflix Acquires Legal Drama 'Monsanto' and Musical 'Emilia Perez' in Major Cannes Deals

Netflix has acquired the legal drama "Monsanto," directed by John Lee Hancock and starring Glen Powell, Anthony Mackie, and Laura Dern. The film, based on a true story, follows lawyer Brent Wisner (Powell) as he takes on Monsanto over the safety of its product Roundup, used by Dewayne "Lee" Johnson (Mackie). The movie was a notable package at this year's Cannes Film Festival.

via Variety|

#anthony-mackie #entertainment #glen-powell

business2 years ago•3 min saved

"Bayer's 95% Dividend Cut to Tackle Debt"

Bayer AG plans to reduce its dividend by 95% in an attempt to address financial challenges stemming from its acquisition of Monsanto Co., which burdened the company with significant debt and legal battles related to Roundup herbicide. The dividend cut reflects the company's struggle to manage its debt pile of over €38.7 billion amid mounting legal costs and rising interest rates. Bayer's decision to slash its dividend comes as it grapples with ongoing litigation, patent expirations, and declining sales in its crop science and pharmaceutical divisions, prompting the need for strategic actions to restore its balance sheet and financial flexibility.

via Yahoo Finance|

#bayer #business #debt

legal-health2 years ago•2 min saved

"Bayer's $2.25 Billion Roundup Verdict: Link to Cancer Confirmed"

A jury has ordered Bayer, the parent company of Monsanto, to pay $2.25 billion in damages after finding that the weed killer Roundup caused a man's non-Hodgkin’s lymphoma. The jury concluded that Roundup was a cancer-causing product and that Monsanto was negligent in warning about its dangers. Bayer plans to appeal the verdict, citing scientific evidence and regulatory assessments that contradict the jury's findings. This is the latest development in a series of legal battles over Roundup, despite previous settlements and conflicting assessments from different regulatory bodies.

via The Washington Post|

#bayer #cancer #lawsuit

legal2 years ago•2 min saved

Monsanto Faces $857 Million Penalty for Toxic PCBs in Washington Schools

Monsanto has been ordered to pay $857 million to a group of former students and parent volunteers at a Washington state school who claimed that exposure to the company's polychlorinated biphenyls (PCBs) caused health problems. The plaintiffs alleged that the PCBs, which were commonly used in buildings from the 1950s to 1970s, including in fluorescent light fixtures, led to brain damage and autoimmune disorders. Monsanto, now owned by Bayer, plans to appeal the verdict, stating that the evidence shows the plaintiffs were not exposed to unsafe levels of PCBs. The company is facing thousands of lawsuits over its weed-killing chemical Roundup and additional lawsuits over PCBs.

via CBS News|

#lawsuit #legal #monsanto

business2 years ago•1 min saved

Jury Awards $857 Million in PCB Case Against Monsanto

A jury in Washington State has ruled that Monsanto, now owned by Bayer, must pay $857 million in a lawsuit filed by former students and parent volunteers who claimed they became sick after being exposed to dangerous chemicals known as PCBs that had leaked from light fixtures at a school. The verdict includes $73 million in compensatory damages and $784 million in punitive damages. This adds to the billions of dollars in similar verdicts against Bayer since its acquisition of Monsanto in 2018.

via The New York Times|

#business #chemical-exposure #jury-verdict

legallawsuit2 years ago•2 min saved

Monsanto Faces $857M Verdict in PCB Lawsuit at Monroe School

A King County jury has ordered Monsanto, now owned by Bayer Pharmaceuticals, to pay $857 million in damages to seven plaintiffs who claimed exposure to harmful chemicals, known as PCBs, at the Sky Valley Education Center in Monroe, Washington. The verdict includes $784 million in punitive damages and $73 million in compensatory damages. The plaintiffs, including students, parents, teachers, and staff, allege brain injuries and other health issues resulting from the exposure to PCBs that leaked from light fixtures at the school. This brings the total amount paid by Monsanto in similar cases to $1.74 billion, with 19 more cases awaiting trial. Monsanto plans to appeal the verdict.

via The Daily Herald|

#chemical-exposure #jury-verdict #legallawsuit

legal2 years ago•2 min saved

Monsanto and Bayer face $857 million verdict over toxic PCBs in Washington state school

Monsanto, a subsidiary of Bayer, has been ordered by a Washington state jury to pay $857 million to seven former students and parent volunteers who claimed that exposure to polychlorinated biphenyls (PCBs) from the company's light fixtures at a school in Monroe, Washington made them sick. The verdict included $73 million in compensatory damages and $784 million in punitive damages. This is the latest trial loss for Monsanto, which already faced $870 million in verdicts from similar cases. The company plans to appeal the verdict, stating that the award is "constitutionally excessive." PCBs were widely used until 1979 when they were banned due to their links to cancer.

via Reuters|

#health-concerns #lawsuit #legal

legal2 years ago•2 min saved

"Landmark Verdict: California Man Wins $332 Million in Lawsuit Against Monsanto's Roundup Weedkiller"

A California jury has awarded $332 million to a man who claimed that Monsanto's weedkiller Roundup caused his cancer. The man, Mike Dennis, was diagnosed with non-Hodgkin's lymphoma in 2020 and alleged that his cancer was a result of using Roundup for decades. The jury found that Monsanto failed to warn consumers of Roundup's risks and awarded Dennis $7 million in compensatory damages and $325 million in punitive damages. Bayer, the parent company of Monsanto, plans to appeal the verdict.

via CBS News|

#cancer #glyphosate #lawsuit

legal2 years ago•2 min saved

Supreme Court Rejects Monsanto Class-Action Settlement Dispute

The US Supreme Court has declined to hear a dispute over a lawsuit against Monsanto, now owned by Bayer, that could have limited the use of cy pres awards in class action cases. The case involved a settlement in which Monsanto agreed to pay over $39m to settle claims that it deceptively labelled certain Roundup weedkiller products. Critics argue that such awards encourage frivolous lawsuits and excessive fees for class action attorneys, while proponents say they can benefit groups that work for the public good.

via Reuters.com|

#class-action-lawsuit #cy-pres-awards #legal