The information coming from Bayer-Monsanto is that a recent settlement in June would relieve them of all future lawsuits in relation to the commonly used pesticide Roundup. On June 25th industry news from Beyond Pesticides reported that Bayer-Monsanto has maybe finally found a way to avoid future litigation. Bayer-Monsanto Announced on June 24th that it will pay up to just shy of 11 billion dollars to resolve any current or future lawsuits regarding Roundup weed killer.
Bayer-Monsanto Acknowledges that they intend to make payments between 8 and 9.6 billion to resolve all the current open lawsuits. Then the remainder or whatever is leftover would be available to cover unresolved or future claims. They’ve stated they will also set aside an additional 1.25 billion in an effort to support a class agreement for all future litigation.
However, the company is quickly realizing that Roundup may be the least of its problems. The company is also arranged to pay out hundreds of millions of dollars in settlements with farmers and regarding water litigation. This chemical and pharmaceutical company has had nothing but legal problems for decades and Bayer was fully aware of those problems when they absorbed Monsanto.
The primary concern of this major settlement for future trials is that a buyer maintains that Roundup is safe. Roundup was originally a Monsanto product and one that garnered quite a bit of attention from the science community for its correlation to cancer. The primary ingredient glyphosate is identified as a probable carcinogen by the International Agency for Research on Cancer.
According to Bayer-Monsanto, the agreement first settlement outlined Bayer will refuse to acknowledge that the primary ingredient in Roundup causes any harm or has any Association to cancer development. This leaves many victims in an uncomfortable spot where the company is providing sympathy and a paycheck but they’re not taking responsibility for the extent of damage and future damage done by their products. If you are a victim of one of these products, contact our experienced mass tort attorneys today.