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Bayer Faces German Class Action Suit Over $63 Billion Monsanto Deal

  • Law firm says it’s compiling claims worth 1 billion euros
  • Bayer calls suits baseless, insists it’s done nothing wrong

Bayer AG is facing a class action lawsuit in Germany from investors claiming that it concealed risks associated with the takeover of Monsanto Co. 

A court in Cologne is allowing the suit to go forward. Class actions are less common in Germany than in the U.S.