Bayer Settles Massive Tort Litigation Over Herbicide, PCBs Claims

Pharmaceutical giant Bayer June 24 announced it is settling massive multi-faceted tort litigation brought against its subsidiary agrochemical company Monsanto, committing to pay as much as $12.12 billion to remedy claims allegedly linking cancer to its herbicide Roundup and claims from states and localities over polychlorinated biphenyl (PCB) water contamination. The multi-pronged settlements also include a mass tort agreement to resolve dicamba drift litigation that responds to alleged damage to crops, the company says. Once approved by courts, the settlement...