Quantcast
Environmental News for a Healthier Planet and Life

Help Support EcoWatch

Bayer Monsanto Damages Reduced to $25.27 Million by U.S. Judge

Health + Wellness
Bayer Monsanto Damages Reduced to $25.27 Million by U.S. Judge
The compound of German chemicals and pharmaceuticals giant Bayer in Berlin. ODD ANDERSEN / AFP / Getty Images

U.S. District Judge Vince Chhabria announced his ruling in San Francisco on Monday.


Chhabria reduced the amount that Germany's Bayer AG has to pay the claimant to $25.27 million (€22.4 million). Bayer bought Roundup maker Monsanto for $63 billion last year.

Following a four-week trial in March a federal jury awarded $5 million (€4.4 million) in compensatory and $75 million in punitive damages to a man who blamed his cancer on glyphosate-based weed killer Roundup.

Edwin Hardeman was diagnosed with non-Hodgkin's lymphoma in 2014.

Limits on Ratios for Damages

At a hearing to discuss Bayer's request to overturn the verdict earlier this month, Chhabria said, "It's quite clear that under the Constitution I'm required to reduce the punitive damages award and it's just a question of how much."

U.S. Supreme Court rulings limit the ratio of punitive to compensatory damages to 9 to 1.

The judge said he would also take into account the fact that Hardeman was now in full remission and unlikely to suffer as much as he had in the past.

Bayer says Roundup — and its active ingredient glyphosate — are safe for human use and not carcinogenic. However, in 2015 the World Health Organization's cancer arm reached a different conclusion, classifying glyphosate as "probably carcinogenic to humans."

Roundup products for sale in California.


Litigation Hits Share Price

The Leverkusen-based company is facing lawsuits from more than 13,400 plaintiffs in the U.S.

Earlier this year, Bayer CEO Werner Baumann conceded the effect the court cases had had on the share price: "We have lost two cases in lower courts. That is why the company is massively affected. You see it in our share price," he said at an academic business event in Cologne in April. "You see it selectively, mainly here in Germany and in France — less so in the USA — in our reputational scores."

Over the past year, Bayer's share price has dropped dramatically and the company has seen €30 billion (approximately $33.7 billion) wiped off its market value since the first court ruling last August. Its share price has fallen from €96 (approximately $108) in August 2018 to €58.63 (approximately $66) at close of markets in Frankfurt on Monday.

Reposted with permission from our media associate DW.

The Trump administration has weakened fuel-efficiency requirements for the nation's cars and trucks. Drew Angerer / Getty Images

As the days tick down to next month's presidential election, debate rages over the U.S. government's handling of the COVID-19 pandemic with critics of President Donald Trump calling for his ouster due to his failure to protect the American public.

Read More Show Less

EcoWatch Daily Newsletter

Researchers have discovered a link between air pollution, food delivery and plastic waste. Sorapop / iStock / Getty Images Plus

Researchers from the National University of Singapore (NUS) have discovered a link between air pollution, food delivery and plastic waste.

Read More Show Less

Trending

Plain Naturals offers a wide variety of CBD products including oils, creams and gummies.

Plain Naturals is making waves in the CBD space with a new product line for retail customers looking for high potency CBD products at industry-low prices.

Read More Show Less
One report in spring 2020 found that 38% of students at four-year universities were food-insecure. Frederic J. Brown / AFP / Getty Images

By Matthew J. Landry and Heather Eicher-Miller

When university presidents were surveyed in spring of 2020 about what they felt were the most pressing concerns of COVID-19, college students going hungry didn't rank very high.

Read More Show Less
Coast Guard members work to clean an oil spill impacting Delaware beaches. U.S. Coast Guard District 5

Environmental officials and members of the U.S. Coast Guard are racing to clean up a mysterious oil spill that has spread to 11 miles of Delaware coastline.

Read More Show Less

Support Ecowatch