Pharmaceutical giant Bayer, who owns fellow agrochemical and agricultural biotechnical giant Monsanto, is reportedly seeking to settle over 18,000 lawsuits filed against it over claims that Monsanto’s wildly popular weed killer – Roundup – may cause cancer in individuals who have had prolonged exposure to the chemical over a long period of time. If you have any reason to believe your health was negatively impacted by use of Roundup weed killer, it is imperative you contact an attorney from Altman & Altman LLP immediately to potentially be eligible for a piece of this settlement.
Bayer is now looking to settle this large pile of lawsuits for a reported $8 billion, despite insisting throughout the increasing number of lawsuits filed that there is no credible evidence linking Roundup – or its primary ingredient, glyphosate – with an increased risk of contracting cancer.
Already, a jury verdict resulted in a more than $2 billion award for a California couple earlier this summer after they alleged that they both contracted non-Hodgkin’s Lymphoma within four years of each other despite having no genetic history of the disease. Another man received a settlement worth more than $289 million last year, before having that lowered to $39 million.
Throughout these lawsuits and others, Bayer and Monsanto have testified that there is no evidence that Roundup causes cancer, but the fact remains that the World Health Organization maintains that glyphosate is “probably carcinogenic,” meaning it is an ingredient that can increase the chance of contracting cancer in those exposed to it.
There’s still time to file a suit
Any reasonable person could look at this situation and ask one simple question: If Bayer maintains there is no credible evidence linking Roundup with developing cancer, why would they reportedly be willing to settle these cases out of court for $8 billion? The unfortunate answer is that it is likely more cost-effective and less distracting for Bayer. Bayer amassed nearly $40 billion in revenue in 2018, with a reported total list of assets worth over $126 billion.
While paying out $8 billion is certainly not a small price to pay for Bayer, it is well within their means and likely makes more sense than continuing to fight out the issue in court, which could continue for many more months, potentially years, and would also continue to keep them firmly in the public eye as news would continue to cover the suits throughout the litigation.
By taking care of the lawsuits in one large lump sum, they can potentially even save money – especially judging by the aforementioned $2 billion award that was granted to just two individuals.
However, nothing has been settled yet, and there is still time to file a complaint of your own against Monsanto/Bayer if you or a loved one has developed cancer after years of using Roundup weed killer. If you have no reason to believe their cancer was caused by something else, like genetic predisposition or exposure to other more established carcinogens (such as long-term smoking of cigarettes), then you may have a good chance of being able to collect as part of any large settlement. Continue reading