Bayer AG is preparing to announce a $10.5 billion settlement push to resolve current and future cancer lawsuits over its top-selling Roundup weedkiller, according to people familiar with the plan.
The German conglomerate is set to propose a $7.5 billion class-action settlement through cases filed in state court in Missouri designed to resolve Roundup suits that already have been filed and potential claims that could be filed over a 20-year period, according to the people, who spoke on condition of anonymity because they weren’t authorized to speak publicly about the deal.
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