Bayer Wins Court Nod for $7.25 Billion Roundup Settlement

Bayer AG said a US judge granted preliminary approval for a $7.25 billion settlement proposal aimed at resolving thousands of lawsuits over Roundup weedkiller, which have weighed on the German company for years.

The class-action settlement, which Bayer proposed in February, is a key part of the company’s plans to cap its obligations by resolving current and future damage claims, with funding running for up to 21 years. Former users of Roundup blame the herbicide for their non-Hodgkin’s lymphoma, an allegation Bayer denies.