Bayer's Roundup Lawsuit Settlements Are Nearing

Bayer's Roundup Lawsuit Settlements Are Nearing

Introduction

Mediator Ken Feinberg, appointed by the court last May for court-mandated settlement talks over allegations that Bayer AG’s glyphosate-based Roundup weed killer caused cancer, said in an interview on Thursday that he is positive about the settlement that will be made by Bayer over its Roundup weed killer.

Earlier, in its third-quarter report, Bayer disclosed that it was facing 42,700 claims, but as per the recent study, Mediator Ken Feinberg informed that the claims might have grown between 75,000 and 85,000 or maybe more, which will be followed by a fair settlement to be disclosed within the next month.

In December, Bayer agreed to postpone some Roundup trials as it lost three trials in California, resulting in combined damages of $191 million. Bayer is appealing the verdicts it lost and has put the upcoming trials on hold.

Bayer will face the two trials in Martinez, California, a suburb of San Francisco, and St. Louis, which will start today.

Currently, there are approximately 18,000 Roundup lawsuits across the United States. All the lawsuits are centralised before U.S. District Judge Vince Chhabria in the Northern District of California under federal multi-district litigation (MDL No. 2741; In Re: Roundup Products Liability Litigation).