Agriculture groups expressed disappointment regarding a Supreme Court decision denying consideration of the case Monsanto v. Hardeman, which pertains to state glyphosate health warnings. A coalition of groups issued a joint statement regarding the decision Tuesday, including the American Farm Bureau Federation, American Soybean Association, National Corn Growers Association, National Association of Wheat Growers, and National Cotton Council. The joint …
Bayer Files Appeal to California Glyphosate Ruling
Bayer is increasing efforts to defend Roundup, its flagship weed killer. A Dow Jones report says the effort follows a recent verdict in a California court case alleging that the chemical causes cancer sent shares sharply lower. According to the company’s court filing, Bayer wants a California judge to overturn the jury verdict, order a new trial, or reduce the …
Glyphosate Lawsuits Numbers Climbing
Bayer AG says the number of lawsuits against glyphosate is rising, adding to concerns about potentially lengthy and costly litigation. Bayer, which recently completed its acquisition of Monsanto, lowered its full-year earnings outlook stemming from delays in closing the deal. Bayer is now integrating the maker of Roundup, which contains glyphosate, into its company. The California lawsuit which set a …
Bayer CEO Says Monsanto Merger Still a Win-Win
Werner Baumann, Bayer Chief Executive Officer, tried to soothe the frayed nerves of investors after a recent jury award of $289 million during a trial regarding glyphosate. Baumann says the merger between Bayer and Monsanto still makes sense in spite of the challenges ahead. Baumann told a German newspaper that there is “no reason to break out in nervousness” in …
8,000 Glyphosate Lawsuits Await Bayer
The California verdict against Monsanto has opened the door for what is estimated as 8,000 lawsuits against Monsanto, now being absorbed by Bayer. On a call with analysts and reporters, Bayer CEO Werner Baumann said the number of plaintiffs in both state and federal litigation was approximately 8,000 as of the end of July. Bayer acquired Monsanto in June and …