Bayer Catches A Break On $2 Billion Roundup Verdict
Category: Bayer Roundup
More Info: Defective Products
A California judge on Thursday reduced a $2 billion jury verdict, slashing the award for a couple who blamed Bayer AG’s glyphosate-based weed killer, Roundup for their cancer to $86.7 million.
Superior Court Judge Winifred Smith of the California Superior Court in Oakland said the jury’s billion-dollar punitive damage awards were excessive and unconstitutional, but rejected Bayer’s request to strike the punitive award outright.
Under Smith’s final order, California couple Alva and Alberta Pilliod would receive roughly $17 million in compensatory damages and $69 million in punitive damages, down from $55 million and $2 billion, respectively.
The plaintiffs still have to formally accept the reduced awards. Brent Wisner, a lawyer for the Pilliods, in a statement on Friday welcomed the decision.
“While we believe the reduction in damages does not fairly capture the pain and suffering experienced by Alva and Alberta, the overall result is a big win,” Wisner said.
Bayer said in a statement on Thursday that Smith’s decision to slash the award was a step in the right direction, but added it would file an appeal.
“We continue to believe that the verdict and damage awards are not supported by the evidence at trial and conflict with the extensive body of reliable science and conclusions of leading health regulators worldwide that confirms glyphosate-based herbicides can be used safely and that glyphosate is not carcinogenic,” the company said.
Bayer faces Roundup cancer lawsuits by more than 13,400 plaintiffs across the United States. The German company bought Roundup maker Monsanto in a $63 billion deal last year, but its share price has since tumbled over the glyphosate litigation.
Plaintiffs allege Roundup causes non-Hodgkin’s lymphoma and that Monsanto for decades tried to influence scientists and regulators to bury cancer evidence. Bayer denies those allegations.
Continue reading...
See the full, original post here: https://www.reuters.com/article/us-bayer-glyphosate-lawsuit-idUSKCN1UL03G
About TriMark Legal Funding
TriMark Legal Funding was founded in 2003 and is one of the nation's premier lawsuit funding companies. TriMark provides pre-settlement funding and settled case funding to injured plaintiffs throughout the United States with hundreds of personal injury loans on cases like employment litigation, work accidents, slip and fall accident injuries and much more.
Personal Injury Loans | Mass Tort Litigation Funding |
Click here to see the original article.