By Olivia Bugault 
 

Bayer AG said Wednesday that it agreed with a decision to withdraw a pending motion to settle the case related to its Roundup herbicide to allow more time to address questions raised by U.S. District Judge Vince Chhabria.

The German chemicals company said it agreed with Mr. Chhabria, who questioned Bayer's Roundup settlement plan on Monday while raising questions on potential future litigation. Mr. Chhabria is responsible for approving the class action suit.

In the proposed settlement announced at the end of June, Bayer said it would pay up to $10.9 billion to settle around 100,000 lawsuits alleging that Roundup had caused cancer.

"Bayer remains strongly committed to a resolution that simultaneously addresses both the current litigation on reasonable terms and a viable solution to manage and resolve potential future litigation," the company said.

 

Write to Olivia Bugault at olivia.bugault@wsj.com

 

(END) Dow Jones Newswires

July 08, 2020 09:59 ET (13:59 GMT)

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