Bayer has reached a settlement for class-action lawsuits for Roundup, Dicamba and water contamination with PCBs.
The Roundup bill could top $9 billion, but the company said it covers 75 per cent of the current lawsuits and provides guidelines for the settlement of the rest.
The company set aside $820 million to settle lawsuits related to dicamba drift and $820 million for the PCB water contamination.
Bayer became liable when it bought Monsanto for $63 billion in 2018.
It has insisted that Roundup is not a cause of cancer, but In 2015 the World Health Organization’s (WHO) International Agency for Research on Cancer (IARC) found ‘convincing evidence’ that glyphosate caused cancer in lab animals. T
That finding is in dispute and government regulators in both the United States and Canada consider it safe for use as directed.
