Index Investing News
Tuesday, March 31, 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

U.S. Supreme Court docket rejects Bayer bid to nix Roundup weedkiller fits By Reuters

by Index Investing News
June 21, 2022
in Stocks
Reading Time: 3 mins read
A A
0
Home Stocks
Share on FacebookShare on Twitter


© Reuters. FILE PHOTO: Monsanto Co’s Roundup is proven on the market in Encinitas, California, U.S., June 26, 2017. REUTERS/Mike Blake/File Photograph

By Lawrence Hurley

WASHINGTON (Reuters) – The U.S. Supreme Court docket on Tuesday rejected Bayer AG (ETR:)’s bid to dismiss authorized claims by clients who contend its Roundup weedkiller causes most cancers because the German firm seeks to keep away from probably billions of {dollars} in damages.

The justices turned away a Bayer (OTC:) attraction and left in place a decrease court docket determination that upheld $25 million in damages awarded to California resident Edwin Hardeman, a Roundup consumer who blamed his most cancers on the pharmaceutical and chemical large’s glyphosate-based weedkillers.

The Supreme Court docket’s motion dealt a blow to Bayer as the corporate maneuvers to restrict its authorized legal responsibility in 1000’s of circumstances. The justices have a second petition pending on a associated subject that they may act upon within the coming weeks.

U.S. President Joe Biden’s administration in Might urged the court docket to not hear the Bayer attraction, reversing the federal government’s place beforehand taken underneath former President Donald Trump.

Bayer has misplaced three trials through which Roundup customers have been awarded tens of hundreds of thousands of {dollars} in every, whereas additionally profitable 4 trials. Bayer had pinned hopes for reduction on the conservative-majority Supreme Court docket, which has a repute for being pro-business.

Bayer mentioned it “respectfully disagrees” with the court docket’s determination and that the corporate is “totally ready to handle the litigation danger related to potential future claims within the U.S.”

On Friday, a federal appeals court docket ordered the U.S. Environmental Safety Company (EPA) to take a recent have a look at whether or not the lively ingredient glyphosate poses unreasonable dangers to people and the atmosphere. The San Francisco-based ninth U.S. Circuit Court docket of Appeals agreed with a number of environmental, farm employee and meals security advocacy teams that the EPA didn’t adequately contemplate whether or not glyphosate causes most cancers and threatens endangered species.

Bayer has requested the Supreme Court docket to evaluation the decision in Hardeman’s case, which was upheld by the ninth Circuit in Might 2021. Hardeman had usually used Roundup for 26 years at his dwelling in northern California earlier than being identified with a type of non-Hodgkin’s lymphoma.

Bayer mentioned in its March annual report that it had resolved about 107,000 circumstances out of about 138,000 circumstances total.

Bayer, which additionally makes aspirin, Yasmin birth-control drugs and the stroke prevention drug Xarelto amongst different merchandise, has argued that the most cancers claims over Roundup and glyphosate go in opposition to sound science and product clearance from the EPA. The company has upheld steerage that glyphosate just isn’t carcinogenic and never a danger to public well being when used as indicated on the label.

Bayer has mentioned it shouldn’t be penalized for advertising and marketing a product deemed secure by the EPA and on which the company wouldn’t permit a most cancers warning to be printed.

The lawsuits in opposition to Bayer have mentioned the corporate ought to have warned clients of the alleged most cancers danger.

Roundup-related lawsuits have dogged Bayer because it acquired the model as a part of its $63 billion buy of agricultural seeds and pesticides maker Monsanto (NYSE:) in 2018.

Bayer struck a settlement deal in precept with plaintiffs in June 2020 however did not win court docket approval for a separate settlement on deal with future circumstances.

In July 2021, Bayer took an extra litigation provision of $4.5 billion in case of an unfavorable ruling by the Supreme Court docket or in case the justices declined to contemplate its attraction. This leaves “vital upside” if the Supreme Court docket guidelines in its favor, in keeping with Bayer.

The availability got here on prime of $11.6 billion it beforehand put aside for settlements and litigation over the matter.

Bayer plans to interchange glyphosate in weedkillers for the U.S. residential marketplace for non-professional gardeners with different lively components.



Source link

Tags: BayerbidcourtnixrejectsReutersRoundupsuitsSupremeweedkiller
ShareTweetShareShare
Previous Post

Jan. 6 Listening to Will Spotlight Trump’s Stress Marketing campaign on State Officers

Next Post

Wellness Continues To Pattern In New Residential Design Survey

Related Posts

Stop Managing the Excess Inventory Backlog. Start Clearing It.

Stop Managing the Excess Inventory Backlog. Start Clearing It.

by Index Investing News
March 28, 2026
0

The numbers are hard to ignore. According to the National Retail Federation, retailers expect ~16% of annual sales to be...

Small-cap Russell 2000 enters correction territory

Small-cap Russell 2000 enters correction territory

by Index Investing News
March 24, 2026
0

A trader works on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York...

Sanofi: An Undervalued Stock For Long-Term Dividend Growth Investors (SNY)

Sanofi: An Undervalued Stock For Long-Term Dividend Growth Investors (SNY)

by Index Investing News
March 16, 2026
0

Founder of Dividend Mantra. Founder of Mr. Free At 33. Co-Founder of Dividends & Income. I started blogging about my journey...

Community Development Services That Qualify for CRA Credit

Community Development Services That Qualify for CRA Credit

by Index Investing News
March 20, 2026
0

When federal banking agencies evaluate your bank’s Community Reinvestment Act performance, lending and investments often dominate the conversation. But there’s...

Motley Fool Review-Staging – Wall Street Survivor

Motley Fool Review-Staging – Wall Street Survivor

by Index Investing News
March 8, 2026
0

March 1, 2026 Update: Our CEO, Mark Brookshire, had the great pleasure last week to interview David Gardner, co-founder of...

Next Post
Wellness Continues To Pattern In New Residential Design Survey

Wellness Continues To Pattern In New Residential Design Survey

Prime Crypto Initiatives Valued Over 0M Amidst June Bear Market By CoinQuora

Prime Crypto Initiatives Valued Over $400M Amidst June Bear Market By CoinQuora

RECOMMENDED

The Final Information for Attracting Enterprise Vacationers

The Final Information for Attracting Enterprise Vacationers

September 13, 2024
Regardless of ‘worst bear market ever,’ Bitcoin has develop into extra resilient, Glassnode analyst says

Regardless of ‘worst bear market ever,’ Bitcoin has develop into extra resilient, Glassnode analyst says

July 11, 2022
All of the world’s a stage for Biden’s drained act

All of the world’s a stage for Biden’s drained act

July 1, 2022
cci: CCI has been pragmatic in levying, quantifying penalties: Chairperson

cci: CCI has been pragmatic in levying, quantifying penalties: Chairperson

October 25, 2022
Worsening crisis at Evergrande, world’s most indebted developer By Reuters

Worsening crisis at Evergrande, world’s most indebted developer By Reuters

January 29, 2024
Israel, the U.S. and the Politics of two,000-Pound Bombs 

Israel, the U.S. and the Politics of two,000-Pound Bombs 

July 29, 2024
Federal court strikes down a California city’s natural gas ban

Federal court strikes down a California city’s natural gas ban

April 19, 2023
Warren Buffett says Berkshire not planning to buy Occidental Petroleum By Reuters

Warren Buffett says Berkshire not planning to buy Occidental Petroleum By Reuters

May 7, 2023
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