Judge cuts $2 billion award for couple with cancer to $86.7 million in Roundup lawsuit https://t.co/Dh9R1NLoYg— Adrian Holman (@ahol888) July 29, 2019
On Thursday, a California judge cut a couple’s lawsuit against Bayer AG from $2 billion (USD) to $86.7 million. The previous ruling was given earlier this year to Alva and Alverta Pilliod. Both people had been using the weed killer Roundup that is manufactured by Monsanto for decades. They both ended up having non-Hodgkins lymphoma.
The cancer was caused by glyphosate, a known carcinogen that is in Roundup. Since Roundup never put any warning labels about the chemical on their product, Bayer lost the case.
For some strange reason, Bayer bought Monsanto last year even though there are over 13,000 lawsuits currently in litigation in the USA along with more lawsuits popping up in Australia. However, Bayer now saves $1.91 billion. Although Bayer stock has risen 5% over the past month, they are still down 45% from the time they acquired Monsanto. More than likely, their stock will continue to fall as litigation continues in courthouses throughout America and Australia.