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Bayer sees no fundamental changes in its outlook, but investors are less optimistic

4 Min Read FRANKFURT (Reuters) -Bayer shares dropped as much as 5% on Thursday after a U.S. judge rejected its plan to try and limit the cost of future class action claims that its Roundup weedkiller causes cancer. The German group called into question the future sale of glyphosate-based products to gardeners in the U.S., and said it would review plans to settle around 30,000 legal claims, after the judge called Bayer’s plan to end years of litigation “unreasonable” on Wednesday. “We will continue to assess financial risks as we move forward,” finance chief Wolfgang Nickl said in an...

We are stepping on Jerri-Lynn’s toes a bit, since she has been following Monsanto litigation closely. Today we are providing an update on a effort to settle a large group of pending and potential cases. The short version is that this effort, like an earlier attempt, was rejected by Federal judge in the Northern District of California. We’ve embedded his order at the end of this post. To catch you up on this sorry story, Bayer bought Monsanto, despite its known glysophate litigation risks, as a poison pill, to make Bayer too big, and by loading up the company with a lot of debt to finance ...

A federal judge yesterday rejected an attempt by an agribusiness giant to settle cancer claims related to its Roundup weedkiller.

Environmental News For The Week Ending 23May 2019 This is a collection of interesting news articles about the environment and related topics published last week. This is usually a Tuesday evening regular post at GEI (but can be posted at other times). Please share this article - Go to very top of page, right hand side, for social media buttons. Note: Because of the high volume of news regarding the coronavirus outbreak, that news has been published separately: Covid totals continue to fall, both in the US and worldwide. New US cases during the week ending May 22nd were down 22.0% from those ...