Bayer reaches $7.25B settlement over Monsanto's Roundup accusations [View all]
Source: Axios
11 hours ago
Bayer has agreed to a $7.25 billion deal to settle tens of thousands of lawsuits that its weedkiller Roundup caused cancer.
The big picture: Bayer which acquired Roundup when it bought Monsanto in 2018 announced Tuesday that it'll compensate people who allegedly suffered non-Hodgkin lymphoma due to exposure to Roundup.
The German drug giant and crop science company had originally reached a $10 billion settlement in 2020 that covered short-term claims up to four years but that deal was later scuttled amid legal scrutiny over the claims process.
The new compensation deal covers claims for up to 21 years.
The company didn't disclose the average amount expected to be distributed to each recipient.
Zoom out: The latest deal comes as Bayer awaits a Supreme Court ruling that CEO Bill Anderson has said could determine whether Roundup stays on the market in the U.S.
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https://www.axios.com/2026/02/17/bayer-roundup-settlement-monsanto