Bayer Silent After Reports Circulate of Multibillion- Dollar RoundUp Settlement
The Roundup Lawyers at Brown, LLC have noted in weeks leading up to this blog that the stars seems to be aligned for a prospective RoundUp NHL settlement, although nothing is ever guaranteed. Recent reports in the media have speculated that Bayer, a giant and internationally-recognized German company, proposed a global settlement for the RoundUp mass tort that was rumored by anonymous sources to be valued near 8 billion dollars. With roughly 18,000 known claimants, if the information is correct that would amount to $400,000+ a case value. Jason T. Brown, the head of Brown, LLC who has successfully litigated mass torts indicated that even if the 8 billion dollar settlement turns out to be true he wouldn’t be surprised if the claimant rate spiked to anywhere near 100,000 at the end of the day and the average case values work out to be $80,000 a case for those that qualify.
The lawsuits focus on several claims that have been made regarding the weedkiller RoundUp that Bayer inherited from Monsanto. While several claims have been made, Bayer representatives have refused to provide any comments to the news and other publishing channels. The representatives from the company noted that they do not comment on pure speculation and the mediator involved rejected the idea that a settlement had been reached as of his last comments.
Lymphoma Cancer Claims Regarding RoundUp
More than 18,000 RoundUp lawsuits have been filed linking RoundUp to cancer. Bayer specializes in pharmaceuticals and recently acquired Monsanto Co, the manufacturer of the troubled weedkillers.
One of the primary ingredients that are found in the weedkiller, now sold by Bayer, has been linked to cancer. The name of the chemical that is mentioned in the lawsuits currently being investigated is glyphosate. While the substance has been linked to several cancers, it does seem like the majority of lawsuits that have been filed against Bayer are related to non-Hodgkin Lymphoma, although Brown, LLC recommends that anyone who has had significant exposure to RoundUp and been diagnosed with any lymphoma or lymphatic related disease contact a RoundUp lawyer as soon as possible.
While no official statements have yet been provided by Bayer or any legal representatives from the company, recent reports claim that the company is looking to settle the claims.
When Christopher Loder, spokesman of the Bayer brand, was asked to comment on the speculations that have been made in terms of the lawsuits filed against the company, as well as the reports regarding the possible settlement, he refused to comment. Christopher did mention that no comments are provided by him or the Bayer brand based on rumors that have been circulating.
In the last couple of weeks, progress has been made regarding the lawsuits filed against the company, however. In May 2019, a jury has awarded a group of plaintiffs who had existing cases open against Bayer with a verdict amount of $2 billion, which was later reduced to a multi-million dollar verdict.
The next trial against the brand was set to start on the 19th of August, 2019. Judge Brian H. May, however, announced this week that the trial had been postponed until January 2020. No specific information was given to media representatives regarding the reason why the trial was postponed.
At the moment, Bayer has already lost an estimated $30 million of the brand’s market value and needs to find a way out of this huge liability it’s inherited.
Bayer, a pharmaceutical company who recently purchased Monsanto and its controversial RoundUp weedkillers that have been linked to cancer, have thousands of lawsuits open against them related to the RoundUp Lymphoma cancer connection. Rumors of settlement can sometimes be just rumors, but the RoundUp lawyers at Brown, LLC indicate if you or a loved one have been diagnosed with NHL or any lymphoma related to RoundUp you should consult with a law firm as soon as possible, or call the lawyers at Brown, LLC at (877) 561-0000 to make sure you know your rights and if there is a settlement preserve your ability to participate.