Bayer Faces Increasing Lawsuits Over Roundup Weed Killer

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Bayer,Lawsuits,Roundup

Bayer is facing a growing number of lawsuits related to its weed killer Roundup, with payouts becoming larger. The product contains glyphosate, which plaintiffs claim causes cancer. Despite being considered safe by the Environmental Protection Agency, costly legal trials are impacting the company's finances. CEO Bill Anderson acknowledges the burden of litigation and the need to defend the company vigorously.

Bayer is fending off thousands of lawsuits tied to weed killer Roundup , and the payouts are getting bigger with about 113,000 of 167,000 resolved and 54,000 remaining in a handful of states. The product contains glyphosate, a chemical that plaintiffs claim causes cancer. Earlier this year, a jury awarded $2.25 billion to a man who used the product and developed cancer.

Bayer’s legal woes may also be giving China, which already produces 70% of crop production products, according to the USDA, an even bigger edge.

Source: News Formal (newsformal.com)

Bayer Lawsuits Roundup Weed Killer Glyphosate Cancer Litigation Financial Burden Defense

 

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