Summary
A Georgia jury ordered Bayer, Monsanto’s parent company, to pay $2.1 billion in damages to John Barnes, who developed non-Hodgkin’s lymphoma from using Roundup weed killer.
The award includes $65 million in compensatory damages and $2 billion in punitive damages, marking one of the largest settlements in Roundup litigation.
Bayer, which acquired Monsanto in 2018, plans to appeal, disputing claims that Roundup’s key ingredient, glyphosate, causes cancer despite ongoing legal battles and scientific controversy.
The company faces over 177,000 lawsuits and has allocated $16 billion for settlements.
They’ve allocated $16B. Isn’t that basically an admission of guilt? Doesn’t really seem an act of someone who’s convinced they are innocent Should have fined them the full amount at once
Not really: just gotta plan for the business to go bust, just in case.
Best to assume the worst and hope for the best.