Bayer and attorneys for cancer patients announced they’ve reached a proposed settlement this week worth $7.25 billion. The goal is to resolve thousands of lawsuits alleging the company failed to warn people that Roundup, its most popular weed killer, could cause cancer. The AP reports the settlement came about as the Supreme Court is preparing to hear arguments in April on Bayer’s assertion that the Environmental Protection Agency’s approval of Roundup without a cancer warning should invalidate claims filed in state courts.
“Patients would be assured of receiving at least some settlement money,” the Associated Press reported, “even if the Supreme Court ruled in Bayer’s favor.” Bayer would also be protected from potentially much larger financial penalties if the Court ruled against the agrochemical manufacturer. The deal would require Bayer to make yearly payments into a fund for up to 21 years, which could eventually be worth $7.25 billion.
-NAFB