Bayer has not proposed paying $8 billion to settle U.S. Roundup claims: mediator

Bayer AG has not proposed paying $8 billion to settle all U.S. claims related to the Roundup herbicide, mediator Ken Feinberg said in an email on Friday.

“Such a statement is pure fiction,” Feinberg said. “Compensation has not even been discussed in the global mediation discussions.”

Bayer acquired Roundup and other glyphosate-based weedkillers through its $63 billion takeover of Monsanto last year. It has faced a wide array of litigation over Roundup’s alleged cancer risks.

https://www.marketscreener.com/news/Bayer-has-not-proposed-paying-8-billion-to-settle-U-S-Roundup-claims-mediator–29040949/?countview=0