What is the average payout for Roundup settlement?
Roundup
is a widely used herbicide produced by Monsanto that has been linked to cancer.
As a result, there have been thousands of lawsuits filed against the company
alleging that Roundup caused cancer in those who used it. Many of these
lawsuits have resulted in settlements, with the payout amounts varying widely.
Determining
the average payout for a Roundup settlement is difficult, as the settlement
amounts are confidential and not publicly disclosed. However, based on the
available data, we can make some estimates.
One of
the largest Roundup settlements to date was a $10.9 billion agreement reached
in June 2020 to resolve approximately 95,000 lawsuits. Under the terms of the
settlement, Monsanto agreed to pay between $5,000 and $250,000 per person,
depending on the strength of their case and the severity of their injury.
Assuming
an equal distribution of the settlement funds among all 95,000 claimants, the
average Roundup settlement payout would be approximately $115,000 per person.
However, it's important to note that the actual amount received by each
claimant will vary depending on the factors outlined in the settlement
agreement.
It's
worth noting that the payout amounts for Roundup settlements are expected to
increase over time as more lawsuits are filed and settled. In addition to the
settlement mentioned above, Monsanto has also agreed to pay out billions of
dollars in separate settlements to resolve Roundup-related lawsuits.
The
actual amount of a Roundup settlement payout can vary widely depending on the
strength of the claimant's case and the severity of their injury. In general,
the more severe the injury and the stronger the evidence linking Roundup to the
injury, the higher the potential payout.
It's also
worth noting that many Roundup lawsuits are being handled on a contingency fee
basis, which means that the lawyer's fees are based on a percentage of the
settlement or verdict. This can help alleviate some of the financial stress of
pursuing a lawsuit and can ensure that the lawyer is fully invested in the
success of the case.
In
conclusion, while it's difficult to determine the average payout for a Roundup
settlement, we can estimate that the average payout is likely in the range of
tens of thousands to hundreds of thousands of dollars, depending on the
strength of the claimant's case and the severity of their injury. As more
lawsuits are filed and settled, we can expect the average payout amount to
continue to evolve. If you believe that you have been injured as a result of
Roundup exposure, it's important to speak with an experienced attorney to
discuss your legal options.
0 Comments