Food, Farming and Nutrition
Food, Farming and Nutrition
BREAKING NEWS: Monsanto settles for $10 billion - Episode 41
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BREAKING NEWS: Monsanto settles for $10 billion - Episode 41
From the article by Carey Gillam:
In an expensive clean-up of Monsanto litigation messes, Bayer AG said Wednesday that it will pay out more than $10 billion to settle tens of thousands of U.S. claims brought against Monsanto over its Roundup herbicide, as well as $400 million to resolve lawsuits over Monsanto’s dicamba herbicide and $650 million for PCB pollution claims.
The resolutions come two years after Bayer bought Monsanto for $63 billion and almost immediately saw share prices plummet due to the Roundup liability.
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