Bayer reaches settlements to resolve the on-going Roundup and dicamba drift lawsuits.
Bayer will make a total payment of $10.1 billion to resolve current and address potential future Roundup litigation, and also resolves dicamba drift litigation for payment of up to $400 million and post PCB water litigation exposure for payment of approximately $820 million.
Bayer’s Chris Turner states, “Our goal is to bring greater certainty about the availability of our products to our customers, and we want to emphasize our continued commitment to Roundup and XtendiMax. We absolutely continue to stand behind the safety and utility of these products, and our commitment to offer them to you, now and in the future. Settling these cases will allow us to focus on providing innovative solutions for you and your farming operation.”
“Growers need more tools, not fewer. Now more than ever, it’s critical that R&D driven organizations, such as Bayer, continue investing in science to support farmers in the challenges they face... and putting these cases behind us allows us to continue to focus on our important work, which is innovating and developing new tools for our growers,” according to Turner.
In 2018, Bayer purchased Monsanto for $63 billion dollars and took on the glyphosate lawsuits. If the settlement is approved, it should mark the end of this chapter of lawsuits for the company.