Bayer looses major court case

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The stock price of the German agriculture company Bayer have plummeted nearly 6.00%, as a court order is forcing the company to pay out $2.25 billion in damages to a man from Pennsylvania. The winner of the case had developed cancer due to the company's weed killer Roundup.

In 2020, the company settled most cases that were associated with Roundup for a total of $9.6 billion. However, Bayer did not get a court approval to prevent further court cases. Currently, there are more than 50,000 claims for damage reparations remains pending at various courts.

Moreover, experts state that settling these cases would not mean an end to the issue, as more and more people are diagnosed with cancer that is associated with Roundup.

Since expanding its business in 2018 by acquiring Monsanto, the company has lost more than 70% of its value.
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