Bayer shares continued to fall on Tuesday after a California jury on Monday awar...
- Bayer shares continued to fall on Tuesday after a California jury on Monday awarded more than $2 billion in damages to a couple who alleged that the company’s glyphosate-based weed killer Roundup caused their cancers.
Bayer, which acquired Roundup maker Monsanto for $63 billion last year, denies the allegations, saying decades of studies and regulatory approvals have shown glyphosate and Roundup to be safe for human use. Plaintiffs and Bayer will file additional briefs over the next few months and oral arguments in the case are unlikely before the second half of 2019, with a decision likely in the fourth quarter at the earliest.
- Bayer said it will appeal Monday’s $2 billion jury verdict in Alameda County state court in Oakland, California. In a first step, the company is expected to ask Superior Court Judge Winifred Smith, who oversaw the trial, to reverse the verdict or order a new trial.
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