As of the last count, there have been more than 18,000 lawsuits filed against Monsanto for the Round Up weed killer. Now that Bayer has purchased Monsanto, they’re starting to feel the brunt of this litigation. The other day, Bayer watched their shares value go down by more than 1%. This trend is expected to continue. Shareholders don’t feel that Bayer is going to be able to get over this hump. The company has already lost more than $30 billion in market value to settlement in Round Up litigation. That is just in the last two (2) years. This trend is expected to continue, especially if the cancer cases aren’t settled soon.
Bayer has already lost 3 large trials. They haven’t won any. They still insist the product is safe. However, if the trend is any indication, they will continue to lose cases. This is why Bayer is finally thinking its time to settle.
It’s estimated that it will cost anywhere from $2.5-$20 billion to resolve the outstanding cases. Bayer has said that if they can settle for $10 billion or less, it would be worth it.
Bayer and their shareholders are afraid the company won’t survive much longer. They need to settle these cases and they need to do so quickly. There have been 450 new cases filed just in St. Louis since July. That is as many cases as were filed in the entire country over the last two years.
The hope is that Bayer now realizes they need to think about settlement soon. Talks are expected to continue.
If you or your loved one is suffering from cancer and you think it was caused by Round Up, call and talk to someone in our office. We can sit down and review your case.