Bayer, the German bio-tech giant, has proposed paying $7.25bn (£5.35bn) to definitively resolve a legal battle in the US over whether its Roundup weedkiller causes cancer.
The possible settlement is part of a broader push to secure closure over the claims, which have weighed on the company since it bought Monsanto, the American-maker of the widely used but controversial herbicide.
Bayer has already paid roughly $10bn to resolve litigation related to Roundup.
The company, which maintains that the product is safe, said the latest settlement had support from several key plaintiffs’ groups. It would need approval by a judge to move forward.
We’re willing to spend $10 billion to fight the accusations but only $7.25 billion to actually “help” those that were harmed. Fuck these guys.
I don’t think the $10b is all legal fees. From the wording it sounds like they’ve already paid out $10b in settlements and are saying they want to pay out another $7.25b so they can stop paying out for good.
I really hope the judge says, “Sure, you can pay $7.25b… Every year into a trust for the cancer care of your victims.”
Gotta try and get the Sackler sweet heart deal while trumps croonies are in charge of the DoJ. No mention of the required bribe to trumps personal business. I wonder what dollar amount that was.
