Index Investing News
Tuesday, June 16, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Bayer faces Australian test with judge to decide whether weedkiller caused cancer By Reuters

by Index Investing News
January 30, 2024
in Stocks
Reading Time: 3 mins read
A A
0
Home Stocks
Share on FacebookShare on Twitter


© Reuters. FILE PHOTO: Bayer’s Roundup is shown for sale in Encinitas, California, U.S., June 26, 2017. REUTERS/Mike Blake/File Photo

By Peter Hobson

CANBERRA (Reuters) – An Australian court on Tuesday heard closing arguments in a class action lawsuit alleging that a weedkiller produced by Bayer (OTC:) caused cancer, the first such case in Australia to reach this stage.

Bayer has already paid billions of dollars to settle claims that exposure to its glyphosate herbicide, Roundup, damaged health, in most cases by causing non-Hodgkin lymphoma, a blood cancer.

The company faces more than 50,000 claims in the United States, with the latest ruling requiring it to pay $2.25 billion to a single Pennsylvania man and driving its share price down.

The Australian lawsuit is one of relatively few outside the United States and is a test case for the country, where Roundup is widely used. It is against subsidiaries of Bayer and brings together more than 1,000 claimants.

If the judge at the Federal Court in Victoria rules in the coming months that Roundup caused lymphoma, the court will then consider whether Bayer was negligent regarding the risks its products posed and should pay damages.

Bayer says Roundup and glyphosate are safe. It said it “fully stands behind its glyphosate-based products, which have been used around the world for almost 50 years.”

Damages are likely to be smaller than in the United States, a spokesperson for Maurice Blackburn, the firm representing the claimants, said. But a Maurice Blackburn lawyer has said each person should get a “significant” sum.

The lead claimant is 41-year-old Kelvin McNickle, who says he used Roundup to spray weeds for over two decades on his family’s property and while working for a vegetation management company. He developed lymphoma aged 35.

His lymphoma recurred shortly before the trial began and he is currently undergoing treatment, Maurice Blackburn said.

Four other cases have been filed in Australia. Three have been permanently stayed by the Federal court and the fourth, another class action, has been paused pending the outcome of the McNickle claim, Bayer said.

MONSANTO

Roundup was originally produced by U.S. agrochemical company Monsanto (NYSE:), which Bayer acquired for $63 billion in 2018.

The product has been under scrutiny since the World Health Organization’s cancer research agency concluded in 2015 that glyphosate was probably carcinogenic to humans, though without concluding whether it posed a risk in real world use.

Bayer agreed in 2020 to pay up to $9.6 billion to settle ongoing Roundup lawsuits in the United States but did not get court approval for an agreement to prevent future cases.

Bayer said in its most recent annual report that it faced 31 Canadian lawsuits relating to Roundup, including 11 seeking class action certification. It did not mention any other claims outside the United States.

The company has been phasing out sales of the household version of Roundup but continues to sell glyphosate-based weedkillers to farmers, who rely on it heavily.

Regulators including in the United States continue to allow Roundup to be used, with the European Commission last year renewing glyphosate’s approval for another 10 years.

Bayer has a mixed record defending its product in U.S. courts, winning 10 of the last 16 Roundup trials.



Source link

Tags: AustralianBayercancerCausedDecidefacesJudgeReutersTestweedkiller
ShareTweetShareShare
Previous Post

GAIL India Q3 Results Review

Next Post

The ‘Winning QB from every Super Bowl’ quiz

Related Posts

Friday File: Boundless Space or Permanent Safety?

Friday File: Boundless Space or Permanent Safety?

by Index Investing News
June 12, 2026
0

Irregulars Quick Take Paid members get a quick summary of the stocks teased and our thoughts here. Join as a...

Case Study: Global Athletic Retailer Scales its B2B Resale Program Without Sacrificing Channel Control

Case Study: Global Athletic Retailer Scales its B2B Resale Program Without Sacrificing Channel Control

by Index Investing News
June 8, 2026
0

A global athletic retailer needed to scale its B2B resale program while maintaining strict channel control. Historically the retailer had...

My New Book: Investing in America – Meb Faber Research

My New Book: Investing in America – Meb Faber Research

by Index Investing News
May 31, 2026
0

What if the greatest investment in history wasn’t a stock… but a country? On July 4th, 2026, America turns 250...

Lululemon: The Sell-Off Is Overdone, But Don’t Fall In Love With The Stock (NASDAQ:LULU)

Lululemon: The Sell-Off Is Overdone, But Don’t Fall In Love With The Stock (NASDAQ:LULU)

by Index Investing News
May 23, 2026
0

This article was written byFollowI am an investment professional with over 7 years of experience spanning quant equities, asset management,...

The Real Cost of Keeping Up With the Joneses

The Real Cost of Keeping Up With the Joneses

by Index Investing News
May 27, 2026
0

Your neighbor pulls into the driveway with a new car. Your coworker shows up to the office with the latest...

Next Post
The ‘Winning QB from every Super Bowl’ quiz

The 'Winning QB from every Super Bowl' quiz

Unveiling the seamless future of blockchain applications

Unveiling the seamless future of blockchain applications

RECOMMENDED

Katie Miller posts ‘DOGE is like Buddhism’ as she follows Elon Musk amid unusual ‘throuple’ rumor

Katie Miller posts ‘DOGE is like Buddhism’ as she follows Elon Musk amid unusual ‘throuple’ rumor

September 1, 2025
U.S., E.U. agree to start talks on critical minerals used in electric vehicles

U.S., E.U. agree to start talks on critical minerals used in electric vehicles

March 11, 2023
Political discussion has moved to fanaticism, away from Christ

Political discussion has moved to fanaticism, away from Christ

November 23, 2022
A Look Inside Hamas’s Weapons Arsenal

A Look Inside Hamas’s Weapons Arsenal

January 8, 2024
Why Is Israel Kowtowing to India Over ‘The Kashmir Files’?

Why Is Israel Kowtowing to India Over ‘The Kashmir Files’?

December 22, 2022
Spurs must rue selling “legend” who just finished above Kane in Ballon d’Or

Spurs must rue selling “legend” who just finished above Kane in Ballon d’Or

October 31, 2023
Is McDonald’s Fairly Valued In The Current Environment? (NYSE:MCD)

Is McDonald’s Fairly Valued In The Current Environment? (NYSE:MCD)

October 25, 2022
Two rural cities are giving distant employees free housing for a month, within the hopes they’ll keep longer

Two rural cities are giving distant employees free housing for a month, within the hopes they’ll keep longer

May 31, 2022
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In