U.S. Court Preliminarily Approves Bayer's $7.25 Billion Roundup Settlement
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A U.S. court has preliminarily approved a mass settlement agreement for lawsuits against German pharmaceutical and chemicals giant Bayer over its Roundup herbicide. Under the class action settlement, Bayer would pay a maximum of $7.25 billion over 21 years to resolve thousands of lawsuits from plaintiffs who claim the glyphosate-based weedkiller caused their cancer. The settlement represents one of the largest corporate legal payouts in recent years and addresses ongoing litigation that has plagued Bayer since its 2018 acquisition of Monsanto, Roundup's original manufacturer.