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Agrochemical giant Monsanto has appealed to a California judge to throw out a $ 289 million jury verdict awarded to a man who claimed that the Bayer-owned company’s glyphosate-based weed-killers, including Roundup, gave him cancer. The company filed motions in San Francisco’s Superior Court of California to claim that the jury’s decision was insufficiently supported […]
Bayer shares plunged as much as 14 per cent on Monday, losing about $ 14 billion in value, after newly acquired Monsanto was ordered to pay $ 289 million in damages in the first of possibly thousands of U.S. lawsuits over alleged links between a weedkiller and cancer.
A California jury on Friday found Monsanto liable in a lawsuit filed by a man who alleged the company’s glyphosate-based weed-killers, including Roundup, caused him cancer and ordered the company to pay $ 289 million US in damages.
