Business

Bayer is rallying after a judge slashed a payout over its cancer-linked Roundup weed killer by $55 million

1 month ago   |   By Business Insider

Bayer's stock climbed as much as 3% on Tuesday after a federal judge slashed a payout over its Roundup weed killer by nearly 70% to about $25 million.
A San Francisco jury determined Roundup caused a user to develop cancer and awarded him $75 million in punitive damages. The judge cut that to $20 million after deciding the original figure was "constitutionally impermissible" as it was too high relative to the $5.3 million in compensatory damages.
However, the judge said the conduct of Roundup-owner Monsanto, which Bayer acquired last year, was "reprehensible."
More than 13,000 farmers...
Read more ...

 

Bayer is rallying after a judge slashed a payout over its cancer-linked Roundup weed killer by $55 million

Bayer is rallying after a judge slashed a payout over its cancer-linked Roundup weed killer by $55 million

1 month ago   |   By Business Insider

Bayer's stock climbed as much as 3% on Tuesday after a federal judge slashed a payout over its Roundup weed killer by nearly 70% to about $25 million.
A San Francisco jury determined Roundup caused a user to develop cancer and awarded him $75 million in punitive damages. The judge cut that to $20 million after deciding the original figure was "constitutionally impermissible" as it was too high relative to the $5.3 million in compensatory damages.
However, the judge said the conduct of Roundup-owner Monsanto, which Bayer acquired last year, was "reprehensible."
More than 13,000 farmers...
Read more ...

 

US judge slashes Monsanto cancer victim's payout by $55 million

US judge slashes Monsanto cancer victim's payout by $55 million

1 month ago   |   By RT

A US federal judge has reduced the $80 million punitive damages award a jury ordered Monsanto to pay to California cancer victim to $25 million.
Read more ...

 




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