Bayer was ordered to pay $2.25-billion in damages, the highest amount yet in its ongoing litigation linked to an alleged carcinogenic effect of its Roundup herbicide.
A jury in a Philadelphia court made the award Frida to man who said he developed cancer from exposure to the Roundup.
Bayer shares dropped today and now they have lost 70 per cent of their value since the company bought Monsanto and its Roundup in 2018, reports the Globe and Mail.
The total amount includes $2-billion in punitive damages, which are likely to be reduced on appeal because they exceed U.S. Supreme Court guidance.
In 2020, Bayer settled most of the Roundup cases that were pending at the time for up to $9.6-billion but failed to get court approval for an agreement to prevent future cases.
More than 50,000 claims now remain pending.
