Originally published in Reuters
Germany’s Bayer is now facing 42,700 U.S. plaintiffs blaming its glyphosate-based weedkillers for their cancer, more than twice the tally in July and potentially raising any future settlement.
Bayer, the inventor of aspirin and owner of Yasmin birth control and Claritin allergy relief brands, is widely expected to eventually buy itself out of the litigation, with analysts currently estimating the size of a future settlement at $8-$12 billion.
It put the increase in claims down to a significant increase in plaintiff-side television advertising spending.
“The number of lawsuits, first and foremost, doesn’t tell us anything about their merits,” Chief Executive Werner Baumann said in a media call. “The number of the lawsuits in no way, shape or form is indicative of the amount of the settlement.”
Jeffrey went live to discuss this news on Facebook. Watch and share!