What is the latest Roundup settlement?
The
latest Roundup settlement was reached in December 2021 between Bayer, the
parent company of Monsanto, and a group of plaintiffs who alleged that they
developed non-Hodgkin's lymphoma as a result of exposure to Roundup. Under the
terms of the settlement, Bayer agreed to pay $4.5 billion to resolve
approximately 60,000 lawsuits.
The
settlement follows years of litigation surrounding Roundup, a widely used
herbicide that has been linked to cancer. In 2018, a California jury awarded
$289 million in damages to a man who alleged that Roundup caused his
non-Hodgkin's lymphoma. The verdict was later reduced to $78 million on appeal,
but the case set off a wave of litigation against Monsanto.
In 2020,
Bayer announced a $10.9 billion settlement to resolve approximately 95,000
Roundup-related lawsuits. Under the terms of the agreement, 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.
While the
2020 settlement was a significant development in the case, it was not without
controversy. Some plaintiffs' attorneys criticized the terms of the agreement,
arguing that it did not provide enough compensation to those who had been
harmed by Roundup.
The
latest Roundup settlement is the largest yet and could bring closure to many of
the remaining lawsuits. However, some plaintiffs' attorneys have criticized the
settlement, arguing that it does not provide enough compensation to those who
have been harmed by Roundup. Some have also criticized the fact that Bayer is
not admitting liability as part of the agreement.
In a
statement, Bayer said that the settlement will provide "a measure of
closure" for the plaintiffs and will allow the company to "focus on
its future without the uncertainties and burden of prolonged litigation."
It's
worth noting that while the settlement has been reached, it still requires
court approval before it can be finalized. If approved, the settlement would
mark a major development in the Roundup litigation and could bring closure to
many of the remaining lawsuits.
In
conclusion, the latest Roundup settlement, reached in December 2021, is a $4.5
billion agreement between Bayer and a group of plaintiffs who alleged that they
developed non-Hodgkin's lymphoma as a result of exposure to Roundup. The
settlement, which still requires court approval, is the largest yet in the Roundup
litigation and could bring closure to many of the remaining lawsuits. However,
some plaintiffs' attorneys have criticized the settlement, arguing that it does
not provide enough compensation to those who have been harmed by Roundup.
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