In this file:
· Bayer reportedly near glyphosate settlement after lengthy talks
· Court Rules Roundup’s Label Doesn’t Require Cancer Warning
Bayer reportedly near glyphosate settlement after lengthy talks
Proposed settlement said to include $2 billion for future cases
By Tina Bellon, Patricia Weiss, GFM Network News
via Canadian Cattlemen - June 23, 2020
Reuters — Germany’s Bayer is set to reach a settlement this week with U.S. plaintiffs that claim its glyphosate-based herbicides cause cancer, two people familiar with the matter told Reuters.
After more than a year of talks, however, some details and the overall amount of the settlement have yet to be finalised, one of the sources said on condition of anonymity.
German business daily Handelsblatt earlier on Tuesday reported a deal was imminent, with Bayer pledging $8 billion to $10 billion to settle the claims, including a $2 billion buffer for future cases (all figures US$).
The drugs and pesticides group, which said in May that talks were progressing, is keen to draw a line under the legal dispute over Roundup and other glyphosate-based herbicides, which it inherited via its $63 billion takeover of Monsanto in 2018.
Its shares rose six per cent to 72.78 euros at 2 p.m. GMT. Still, they were more than 20 per cent below their value August 2018, when Bayer lost the first of three court cases with damages in the tens of millions being awarded to plaintiffs.
Bayer, which has repeatedly said the product is safe to use and has approval from market regulators, is appealing all three jury verdicts.
In April, Bayer’s management regained shareholder support for its handling of the litigation process.
A Bayer spokesman declined to comment. Perry Weitz of Weitz and Luxenberg, one of the leading plaintiffs’ firms involved in the Roundup litigation, also would not comment.
Court-appointed mediator Ken Feinberg...
Court Rules Roundup’s Label Doesn’t Require Cancer Warning
By Hoosier Ag Today
Jun 23, 2020
The National Association of Wheat Growers (NAWG), lead plaintiff of the national agriculture coalition fighting California’s false and misleading Prop 65 labeling requirement for glyphosate, welcomes today’s ruling by U.S. District Court Judge William Shubb for the Eastern District of California.
Judge Shubb decided in favor of the Coalition by granting summary judgment and issuing a permanent injunction enjoining the warning requirement of Proposition 65 as to glyphosate.
Two years ago Judge Shubb recognized that “virtually all … government agencies and health organizations that have reviewed studies on [glyphosate] have found there was no evidence that it caused cancer,” and on that basis Judge Shubb found that it would be “misleading at best” to force parties to state on glyphosate-containing products that the products were “known to the state to cause cancer.”
In today’s ruling, Judge Shubb cemented his ruling, noting that developments since then “do not change the court’s conclusion that the Proposition 65 warning requirement for glyphosate is misleading” and that therefore the First Amendment prohibits California from requiring glyphosate-containing products to be so labeled.
“From the beginning we made our case based on facts and science and this is a great win for wheat growers and farmers across the United States,” said Dave Milligan, NAWG President and Cass City, Michigan wheat farmer. “Backed by more than forty years of safety data, glyphosate is one of the most studied and closely monitored herbicides in the world.
In his decision, Judge Shubb ruled that the Plaintiffs prevailed...