Bayer is rallying after a judge slashed a payout over its cancer-linked Roundup weed killer by $55 million
07/16/2019 General World News
FILE PHOTO: A woman uses a Monsanto's Roundup weedkiller spray without glyphosate in a garden in Ercuis near Paris, France, May 6, 2018. REUTERS/Benoit Tessier/File Photo

  • Bayer’s stock climbed as much as 3% on Tuesday after a federal judge slashed a payout over its Roundup weed killer by nearly 70% to about $25 million.
  • A San Francisco jury determined Roundup caused a user to develop cancer and awarded him $75 million in punitive damages. The judge cut that to $20 million after deciding the original figure was “constitutionally impermissible” as it was too high relative to the $5.3 million in compensatory damages.
  • However, the judge said the conduct of Roundup-owner Monsanto, which Bayer acquired last year, was “reprehensible.”
  • More than 13,000 farmers, landscapers, and home gardeners have sued Bayer read more >>>

    Source:: BusinessInsider.Com

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