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National & World Ag News Headlines |
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Bayer Sets Up Fund to Fend Off Future Roundup Lawsuits
USAgNet - 02/04/2021
German pharmaceutical giant Bayer has reached a $2 billion deal to resolve future legal claims that its Roundup weed killer causes cancer.
The settlement, announced on Wednesday, would cover future claims brought by people who have been diagnosed with non-Hodgkin's lymphoma and were exposed to the controversial weed killer before their diagnosis.
It would also provide scope for compensation for people exposed to the popular product who then develop cancer in the future.
Under the proposed plan, Bayer would provide the $2 billion over a four-year period as compensation and to cover costs of outreach and diagnostic assistance.
It also includes the creation of a scientific advisory panel whose findings would not be legally binding.
People who qualify could be eligible for up to $200,000 in compensation.
The company continues to reject claims that Roundup causes cancer, saying that decades of studies have shown the weed killer and glyphosate to be safe for human use.
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