Saturday, October 16, 2021
HomeMedico-LegalMediator denies Bayer is to pay out $8bn for Roundup claims

Mediator denies Bayer is to pay out $8bn for Roundup claims

Bayer AG has not proposed paying $8bn to settle all US claims related to the Roundup herbicide, mediator Ken Feinberg is quoted in Reuters Health as saying. “Such a statement is pure fiction,” Feinberg said. “Compensation has not even been discussed in the global mediation discussions.”

Bayer acquired Roundup and other glyphosate-based weedkillers through its $63bn takeover of Monsanto last year. The report says it has faced a wide array of litigation over Roundup’s alleged cancer risks.

Bloomberg had made the settlement claim.

[link url="https://www.reuters.com/article/us-bayer-glyphosate-feinberg/bayer-has-not-proposed-paying-8-billion-to-settle-u-s-roundup-claims-mediator-idUSKCN1UZ1FA"]Reuters Health report[/link]

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