Index Investing News
Tuesday, May 12, 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

Berkshire shares trade lower even after Abel scores good marks at meeting, earnings jump

Berkshire shares trade lower even after Abel scores good marks at meeting, earnings jump

by Index Investing News
May 11, 2026
0

Greg Abel, CEO of Berkshire Hathaway, speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, May 2, 2026.CNBCBerkshire...

The S&P 500 Dividend Yield Just Hit An All-Time Low – Meb Faber Research

The S&P 500 Dividend Yield Just Hit An All-Time Low – Meb Faber Research

by Index Investing News
May 7, 2026
0

The S&P 500 dividend yield just hit an all-time low of 1.08%, the lowest since the 1800s. The prior low...

AbbVie tops quarterly expectations as newer immunology drugs offset Humira decline By Reuters

AbbVie tops quarterly expectations as newer immunology drugs offset Humira decline By Reuters

by Index Investing News
April 29, 2026
0

By Kamal Choudhury and Christy Santhosh April 29 (Reuters) - on Wednesday reported better-than-expected quarterly revenue and profit, fueled by...

What Would Your Retirement Look Like If You Started Investing at 18 vs. 28?

What Would Your Retirement Look Like If You Started Investing at 18 vs. 28?

by Index Investing News
May 3, 2026
0

10 years doesn’t sound like much. It’s the gap between graduating high school and turning 28. It’s the decade most...

Friday File:  Everything’s OK Now?

Friday File: Everything’s OK Now?

by Index Investing News
April 25, 2026
0

The good news?  Looks like the market has decided that the war is over, and everything will get back to...

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

Maharashtra to public sale ₹2,000 crore 18-year bonds on January 7

Maharashtra to public sale ₹2,000 crore 18-year bonds on January 7

January 3, 2025
ABB: The Turnaround Is Almost Complete, But Shares No Longer Cheap (Downgrade) (ABBNY)

ABB: The Turnaround Is Almost Complete, But Shares No Longer Cheap (Downgrade) (ABBNY)

December 29, 2023
Bunzl shares rise as RBC upgrades to ‘outperform’, lifts PT to 4,000p By Investing.com

Bunzl shares rise as RBC upgrades to ‘outperform’, lifts PT to 4,000p By Investing.com

December 16, 2024
15 worst faculty soccer groups of 2022

15 worst faculty soccer groups of 2022

August 6, 2022
Here’s How Biden’s Student Loan Forgiveness Plan Affects Real Estate—You Probably Guessed It Already

Here’s How Biden’s Student Loan Forgiveness Plan Affects Real Estate—You Probably Guessed It Already

September 5, 2022
Matthew Grey Gubler to star in Einstein crime procedural

Matthew Grey Gubler to star in Einstein crime procedural

October 4, 2024
La Belle Époque. The Golden Period of Prosperity and Sound… | by Icarus Sources | The Capital

La Belle Époque. The Golden Period of Prosperity and Sound… | by Icarus Sources | The Capital

May 25, 2025
What is Decentralized Media? How Web3 is Making Its Way Into Journalism

What is Decentralized Media? How Web3 is Making Its Way Into Journalism

April 22, 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