MOSCOW (Sputnik) – German pharma giant Bayer said Wednesday it will pay up to $10.9 billion to settle a raft of lawsuits against its US affiliate Monsanto’s weedkiller Roundup, accused of causing cancer.
Bayer bought Monsanto, a herbicide and genetically modified seed producer, in 2018, three years after the first lawsuits were filed.
The German company said $8.8 billion to $9.6 billion will be paid to settle 75 percent of some 125,000 filed and unfiled claims, with the rest going to support a separate class agreement to address potential future litigation.
Bayer stressed that the settlement does not equal admission of liability or wrongdoing and maintains that the glyphosate-based weedkiller has been scientifically proven to be safe.
Sourse: sputniknews.com
