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Bayer settles Roundup Dicamba and PCB cases

Bayer has announced a massive settlement of court cases involving its Roundup and dicamba products and PCB water litigation Bayer has announced a massive settlement of court cases involving its Roundup and dicamba products and PCB water litigation with no admission of fault.

The company says it will pay a total of $10-point-one to nearly $11 Billion dollars to settle 125-thousand filed and unfiled claims.

Werner Baumann is CEO of Bayer and told reporters this afternoon, “We are settling these cases solely to enable us to move forward and focus on the needs of our customers.”

Baumann says the vast majority of the settlement goes for Roundup litigation and up to $400 Million goes for drift damage lawsuits from 2015 through 2020, except for Bader peach farms in southeast Missouri which was awarded at a jury trial.

“We stand strongly behind our XtendiMax herbicides with vapor grip technology and continue to enhance our training and education efforts to help ensure growers use our products successfully.”

Bayer says it will set up a Class Science Panel, subject to court approval, for future Roundup cases.

Payments will begin going out in 2020.