Bayer to pay up to $10.9B US to settle Roundup lawsuits

German pharmaceutical company Bayer says it’s paying up to $10.9 billion US to settle lawsuits over subsidiary Monsanto’s weed killer Roundup, which has faced numerous lawsuits over claims it causes cancer.

In a statement Wednesday, Bayer said it was also paying up $1.22 billion to settle two further cases, one involving PCB in water.

The Leverkusen-based company said the Roundup settlement would “bring closure to approximately 75 per cent” of the current 125,000 filed and un-filed claims.

It said the agreement is subject to approval by Judge Vince Chhabria of the U.S. District Court for the Northern District of California.

More to come.

Read more at CBC.ca

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