Bayer Raises Expected Cost of Future Roundup Litigation to $2 Billion
November 03 2020 - 3:17AM
Dow Jones News
By Cecilia Butini
Bayer AG on Tuesday raised the expected cost of handling future
lawsuits related to its controversial weedkiller product Roundup to
$2 billion from $1.25 billion.
The German chemical and pharmaceutical conglomerate said it took
additional provisions in the third quarter to cover the increased
costs connected to the case.
The company reported that as of the end of June, there were
about 125,000 filed and unfiled claims about Roundup, and that it
is continuing to work on a joint proposal to address future Roundup
claims together with plaintiffs' counsel.
Write to Cecilia Butini at cecilia.butini@wsj.com
(END) Dow Jones Newswires
November 03, 2020 03:02 ET (08:02 GMT)
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