Friday, July 12, 2019

Is Bayer Interested in Settling Roundup Lawsuits?

The St. Louis Business Journal reports this week that Bayer is taking baby steps toward settling the 13,400 pending Roundup weedkiller lawsuits.

"Bayer CEO Werner Baumann held a series of meetings with shareholders in Frankfurt, Germany, last week, Bloomberg reported. Bloomberg Intelligence analysts told investors that Ken Feinberg, the high profile mediator appointed to lead settlement talks for some of the cases, met with both parties and wouldn't have agreed to take the job if he didn't think he could broker a deal, Bloomberg said. Bayer declined to comment," the paper wrote.

Bloomberg is closely covering how analysts are calculating the potential financial impacts of the Monsanto lawsuits. See Bloomberg article.

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