Judge Cuts Second Bayer Roundup Verdict in Tentative Ruling
July 19 2019 - 1:56AM
Dow Jones News
By Nathan Allen
A California judge on Thursday cut a $2.06 billion damages award
to a couple who said that exposure to Bayer AG's (BAYN.XE)
glyphosate-based weedkillers caused them to develop cancer.
Judge Winifred Smith said that punitive damages paid to Alberta
and Alva Pilliod should be between two and four times the amount
awarded for pain, suffering and economic losses. This would likely
equate to a maximum of around $250 million.
"The court's tentative order proposes changes in the damage
awards which would be a step in the right direction, but Bayer will
wait for a final order on the post-trial motions before commenting
in further detail," Bayer said.
Earlier this week, a judge in a separate case cut $55 million
from an $80 million damages award.
Bayer took over Roundup manufacturer Monsanto Co. and its
associated legal liabilities in 2018 for $63 billion. It faces
around 13,400 claims for glyphosate damages in the U.S.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
July 19, 2019 01:41 ET (05:41 GMT)
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