Bayer Floats Revised Plan to Resolve Future Roundup Lawsuits
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Bayer AG will ask a U.S. judge to approve a settlement of as much as $2 billion to resolve future lawsuits over claims that its Roundup weedkiller causes cancer, the company said.
The company said it reached an agreement with plaintiffs’ lawyers that it is presenting to a San Francisco federal judge who last year rejected a $1.25 billion proposal, according to a statement issued by Bayer Wednesday. The shares rose as much as 5.9% early Thursday in Frankfurt.