litigation Archives - Canadian Cattlemen

Bayer resolves more U.S. Roundup cases

Judge keeps pause on litigation

By Tom Hals, GFM Network News September 24, 2020

Reuters — Attorneys for Bayer and U.S. consumers suing the company over allegations its Roundup herbicide caused cancer told a judge on Thursday they are continuing to resolve thousands more U.S. cases, improving prospects for its US$11 billion deal to end the litigation. The hearing was a contrast to the contentious tone among the parties […] Read more

Bayer’s cross symbol hangs in a terminal at Frankfurt International Airport. (Typhoonski/iStock Editorial/Getty Images)

Crops, Reuters

Investors pile into Bayer bond to pay settlement charges

By Yoruk Bahceli, GFM Network News July 1, 2020

Amsterdam | Reuters — Investors piled into a Bayer bond on Wednesday that will help pay for a long-negotiated settlement of U.S. lawsuits claiming its widely-used herbicide Roundup caused cancer. Demand for the four-tranche bond sale, whose proceeds will include the litigation payments, exceeded 17.5 billion euros, nearly three times the six billion euros (C$9.15 […] Read more

Crops, Reuters

Bayer reporting progress in Roundup settlement talks

By Ludwig Burger, GFM Network News May 25, 2020

Frankfurt | Reuters — Bayer said on Monday it had made progress seeking a settlement over claims its glyphosate-based Roundup herbicide causes cancer, after Bloomberg reported the company reached a verbal agreement on about 50,000 to 85,000 cases. The drugs and pesticides group is keen to draw a line under the legal dispute, which it […] Read more

Crops, Reuters

Roundup cancer trial postponed to continue settlement talks

By Tina Bellon, GFM Network News January 25, 2020

Reuters — Bayer AG said on Friday it has reached an agreement with plaintiffs’ lawyers to postpone a Missouri jury trial over allegations its herbicide Roundup causes cancer, to provide room for negotiations to settle the litigation. “While Bayer is constructively engaged in the mediation process, there is no comprehensive agreement at this time. There […] Read more

Crops, Reuters

Bayer seeks glyphosate litigation advice as Elliott reveals stake

By Reuters, GFM Network News June 26, 2019

Frankfurt | Reuters — Chemicals giant Bayer , under pressure from activist shareholders, said on Wednesday it has hired an external lawyer to advise its supervisory board and has set up a committee to help resolve a multi-billion dollar glyphosate litigation issue. Bayer has seen its share price tumble in the wake of its US$63 […] Read more

Bayer CEO Werner Baumann speaks during the company’s annual general shareholders’ meeting in Bonn, Germany on April 26, 2019. (Photo: Reuters/Wolfgang Rattay)

Crops, Reuters

Investors call for reprieve for Bayer bosses after AGM rebuke

By Ludwig Burger April 29, 2019

Frankfurt | Reuters — Three of Bayer’s largest German investors said the drugmaker’s embattled management needed to stay at the helm to avoid further upheaval, despite their unease over a share price slump in the wake of the US$63 billion Monsanto takeover. The backing for CEO Werner Baumann comes after an unprecedented rebuke at the […] Read more

Crops, Reuters

Bayer shareholders vent ire over Monsanto-linked stock rout

By Ludwig Burger, Patricia Weiss, GFM Network News April 26, 2019

Bonn | Reuters — Bayer shareholders vented their anger over its stock price slump on Friday as litigation risks mount from the German drugmaker’s US$63 billion takeover of seed and chemical firm Monsanto. Several large investors said they will not support aspirin invesotr Bayer’s management in a key vote scheduled for the end of its […] Read more

Crops, Reuters

Bayer reaps profit lift from Monsanto

By Ludwig Burger February 27, 2019

Leverkusen, Germany | Reuters –– Bayer’s US$63 billion purchase of seed and chemical firm Monsanto made its mark on the German company’s fourth quarter earnings on Wednesday, lifting profit and boding well for the peak season of its enlarged agriculture business. However, mounting litigation risks related to Monsanto still cast a pall over an adjusted […] Read more

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Tag Archives litigation

Bayer resolves more U.S. Roundup cases

Investors pile into Bayer bond to pay settlement charges

Bayer reporting progress in Roundup settlement talks

Roundup cancer trial postponed to continue settlement talks

Bayer seeks glyphosate litigation advice as Elliott reveals stake

Investors call for reprieve for Bayer bosses after AGM rebuke

Bayer shareholders vent ire over Monsanto-linked stock rout

Bayer reaps profit lift from Monsanto

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