| | 04/November/20
| | Bayer fails to settle US Roundup lawsuits, risking restart of federal trials Bayer failed to settle outstanding US Roundup lawsuits by Monday, the deadline set by a judge who has said he’ll resume federal trials over claims the weedkiller caused plaintiffs' cancer. Ahead of its release of an earnings statement Tuesday, Bayer disclosed in a court filing that 1,861 cases out of about 3,787 lawsuits aren’t controlled by agreements with plaintiffs’ lawyers. US District Judge Vince Chhabria in San Francisco, who is overseeing all Roundup suits filed in federal courts, warned the company in September that he will move at full speed to set trials after keeping cases on hold for months to allow for negotiations. Insurance Journal Bayer takes $10 billion write-down, flags higher Roundup settlement bill Bayer is facing a double hit from a higher legal bill for claims relating to weedkiller Roundup as well as 9.25 billion euros ($10.82 billion) in impairments on agriculture businesses, much of it related to its Monsanto deal. The company said the write-downs, driven by weaker demand from farmers due to low biofuel prices, plus an increase of about $750 million in the costs of settlement terms with US plaintiffs over Roundup, resulted in a loss before interest and tax of 9.4 billion euros in the third quarter. Bayer was caught up in litigation over Roundup as a result of its 2018 takeover of Monsanto for about $63 billion. Reuters UK ACTION: Markets should stay fully open – parity with supermarkets is essential Markets across the UK have been at the heart of our towns, cities and communities for centuries and have a proven track record in supplying local people with food and goods. As England enters another period of lockdown, we demand that the government give markets parity with supermarkets in terms of the supply of essential and non-essential goods during this period. Markets should be allowed to remain fully open. Sign the petition! Change.org DONATE TO GMWATCH __________________________________________________________ Website: http://www.gmwatch.org
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