Largest Settlement in Pharma History: Bayer-Monsanto Agrees to $10B Settlement With Victims Poisoned by Roundup Weedkiller

Bayer-Monsanto Agrees to $10B Settlement With Victims Poisoned by Roundup Weedkiller

by Alex Formuzis
The Environmental Working Group 

WASHINGTON – In a settlement reached today, Bayer AG agreed to pay $10 billion over claims its signature herbicide Roundup causes cancer in people, according to a report by Reuters.

The $10 billion settlement will be apportioned to four leading plaintiffs’ law firms, who will in turn distribute the money to nearly 100,000 clients who were stricken with cancer after prolonged use of the toxic weedkiller.

The German company acquired the St. Louis-based agrochemical giant Monsanto in 2018 for $63 billion, and inherited liability in thousands of lawsuits filed by people who claim exposure to Roundup and its main ingredient glyphosate was the cause of their cancer.

EWG President Ken Cook made this statement on the settlement:

Today’s settlement is vindication for all those who have fallen ill with cancer as a result of being exposed to this chemical. No amount of money can reverse the damage Bayer-Monsanto has inflicted on these victims and countless others, but because of their and their attorneys’ tireless fight for justice, the company that exposed them is now paying a heavy price for its duplicitous deception.

The most damning revelations in this case uncovered, through the company’s own internal documents, the extent to which Monsanto-Bayer recognized early on the risk of cancer and other health problems posed by glyphosate and its commercial formulations. Monsanto-Bayer aggressively conspired for decades to withhold or lie about the evidence to the public and to regulators, while relentlessly attacking scientists and organizations that sought to tell the truth about the company’s products.

This damning information only became public because plaintiff’s lawyers pried it out of the company in court and made it public. That coverup killed the company’s integrity as systemically as its chemicals kill plants. Monsanto-Bayer’s dissembling for profit at the expense of public health is a permanent stain on its reputation. Nothing in this settlement amends the conclusion that this is a company that simply cannot be trusted.

Continued: https://healthimpactnews.com/2020/largest-settlement-in-pharma-history-bayer-monsanto-agrees-to-10b-settlement-with-victims-poisoned-by-roundup-weedkiller/

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