Bayer to spend $12bn to settle about 95,000 Roundup lawsuits
The German chemical giant inherited the problems when it purchased Monsanto in 2018, and some say the lawsuits are not over yet
Wilmington/Munich — Bayer has agreed to spend more than $12bn to resolve thousands of US lawsuits and deal with future claims, taking its biggest step so far in resolving headaches the German chemical giant inherited in its acquisition of Monsanto.
Agreements were reached on about 95,000 claims filed over Roundup, part of a Bayer plan to spend about $11bn to settle all litigation over the widely used herbicide, the company said on Wednesday. Bayer will also pay as much as $820m to settle toxic pollution claims and make a $400m payment for farmers whose crops were damaged by its dicamba herbicide...