All articles tagged with #monsanto
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.
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.
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.
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.
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.
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.
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.
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.
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.