30

Bayer to pay $2 billion after losing suit that claims weedkiller Roundup causes cancer

Bottles of Roundup weed killer move along the production line at the herbicide manufacturing facility operated by Monsanto.

Jasper Juinen | Bloomberg | Getty Images

Bayer AG on Monday was ordered by a Northern California jury to pay more than $2 billion to a couple who say they were diagnosed with cancer after using the company’s glyphosate-based weedkiller Roundup.

The San Francisco Superior Court in Oakland said the company had to pay the plaintiffs, Alva and Alberta Pilliod, the damages after they contracted non-Hodgkin’s lymphoma. Alva Pilliod was awarded a total of $1.37 billion, while his wife Alberta was granted $1.18 billion.

The jury said the company’s product did not properly warn of its cancer risk.

This is the third lawsuit the company has lost related to claims that Roundup causes cancer. Bayer paid $159 million in damages in the first two cases. The company said it would appeal both verdicts. There are more than 13,400 lawsuits against Bayer set to go to trial in the United States related to the claims.

Roundup is a herbicide produced by Monsanto, which Bayer acquired last year for $63 billion. The company has denied allegations that its product causes cancer, saying that decades of studies and regulatory evaluations have shown the weedkiller to be safe for use.

Monsanto and Bayer did not immediately respond to CNBC’s request for comment.

–Reuters contributed to this report.

Read More Go To Source