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Bayer Announces Roundup, Dicamba Litigation Settlements

Clint Thompson Alabama, Florida, Georgia

Bayer Wednesday announced a series of agreements that will substantially resolve major outstanding Monsanto litigation. The announcement includes a settlement on U.S. Roundup product liability litigation, dicamba drift litigation and PCB water litigation.

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According to Bayer, the main feature is the U.S. Roundup resolution that will bring closure to approximately 75% of the current Roundup litigation involving approximately 125,000 filed and unfiled claims overall. The company will make a payment of $8.8 billion to $9.6 billion to resolve the current Roundup litigation, including an allowance expected to cover unresolved claims, and $1.25 billion to support a separate class agreement to address potential future litigation.

Bayer also resolved dicamba drift litigation for payment of up to $400 million and most PCB water litigation exposure for payment of approximately $820 million. Bayer CEO Werner Baumann adds, “As we work to put this major litigation behind us, Bayer can set a course for the future and tackle the global challenges we face in both health and nutrition.”

(From the National Association of Farm Broadcasters)