Bayer Down on Verdict to Pay $2.1B to Plaintiff in Roundup Litigation [Yahoo! Finance]
BAYER AG S/ADR (BAYRY)
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Source: Yahoo! Finance
Bayer reported that, on March 21, the jury at the Barnes Roundup trial in the State Court of Cobb County, Georgia, reached a verdict in favor of the plaintiff. Bayer has been ordered by the jury to pay $2.1 billion to the plaintiff ($2 billion in punitive damages and $65 million in compensatory damages). However, the company disagreed with the jury's verdict. In the past year, shares of Bayer have lost 17.7% compared with the industry's decline of 2.8%. Image Source: Zacks Investment Research Glyphosate is the active ingredient in a number of Monsanto's herbicides, including Roundup branded products. Bayer acquired Roundup weedkiller through Monsanto's buyout in 2018. However, several lawsuits have been filed by people for the same, alleging that
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