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On Friday, Bayer has drafted a settlement that could possibly end the litigation due to the weedkiller RoundUp that is manufactured by Monsanto. The negotiations are between Bayer and the lawyers that have filed around 50,000 class-action suits against Bayer and Monsanto.
The reason for the extensive litigation is due to glyphosate, the active ingredient in RoundUp. Glyphosate has caused cancer in those who have used RoundUp for a long period of time. The settlement package would possibly be in the range of $10 billion (USD).
Although Bayer and Monsanto claim that RoundUp does not cause cancer, there are around 50,000 people that contracted cancer just for looking to kill weeds in their garden. Why would Bayer settle if they truly believed that glyphosate is not a carcinogen.
