3/27/2019, 11:14 PM (Source: TeleTrader)
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Chart for: BAYER AG NA O.N.

Monsanto to pay $80M in cancer trial

The jury in a federal district court in San Francisco decided on Wednesday that Monsanto should pay over $80 million in damages to Edward Hardeman, who developed cancer after using its weed killer Roundup. The jurors stated the company is liable as it did not properly warn the users of potential dangers.

Monsanto was ordered to pay $289 million last August, when school groundskeeper DeWayne Johnson claimed Roundup caused his terminal cancer. The company, owned by Bayer AG, appealed the verdict. A third trial will start in Oakland, California on Thursday, with hundreds of other potential lawsuits to come.

Bayer issued a statement saying it will appeal the verdict. "We are disappointed with the jury’s decision, but this verdict does not change the weight of over four decades of extensive science and the conclusions of regulators worldwide that support the safety of our glyphosate-based herbicides and that they are not carcinogenic. The verdict in this trial has no impact on future cases and trials, as each one has its own factual and legal circumstances," the company added.

Breaking the News / DJ