Billion

Bayer’s Monsanto Unit Receives $1 Billion Reduction in Roundup Cancer Verdict, Providing Relief Amidst Legal Battles

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JEFFERSON CITY, Missouri – A judge in Missouri has reduced a $1.5 billion jury verdict against Bayer AG’s Monsanto unit by nearly $1 billion, marking a significant victory for the company in its ongoing legal battle over the cancer risks associated with its Roundup weedkiller. Judge Daniel Green refused to grant Monsanto’s requests for a new trial or to dismiss the entire verdict, but he did reduce the punitive damages portion of the award by over 60% to approximately $550 million. This reduction in the Missouri award comes as a relief for Bayer, which has … Read more

XRP Community Slams SEC’s $1.95 Billion Demand as Abuse of Power in Legal Battle with Ripple

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San Francisco, CA – Ripple Labs, a blockchain payments company, is facing a new challenge in its ongoing legal battle with the United States Securities and Exchange Commission (SEC). XRP enthusiasts are criticizing the commission’s recent request for remedies, calling it an abuse of power. The SEC filed its remedy request against Ripple on March 22, seeking a staggering $1.95 billion in fines and penalties. This demand stems from Ripple’s alleged unregistered securities offering through XRP institutional sales. Interestingly, the requested fine exceeds the amount Ripple gained from the securities violation. The company raised $728.9 … Read more

Monsanto, Now Owned by Bayer, Faces $2 Billion in Damages in Roundup Weedkiller Cancer Lawsuit

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KANSAS CITY, Mo. – In a recent court ruling, Bayer has successfully persuaded a Missouri judge to significantly reduce the damages awarded to three former users of its Roundup weedkiller. The plaintiffs blamed their cancers on the popular product and were initially awarded $1.5 billion. However, the judge has now reduced this amount by nearly $1 billion to approximately $550 million. While the judge denied Bayer’s requests for a new trial or to dismiss the verdict entirely, the punitive damages portion of the award was drastically reduced. This decision comes after the jury initially awarded … Read more

Seattle Lawyer Accused of Blocking $1.19 Billion Water Contamination Settlement Denies Allegations, Calls Sanctions Motion an “Intimidation Tactic”

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SEATTLE, Washington – A Seattle lawyer is fighting back against allegations that he held up a $1.19 billion water contamination settlement involving DuPont. Jeff Kray, of Marten Law, claims that the sanctions motion filed against him by class counsel is merely an “intimidation tactic” based on a “fantastical conspiracy theory.” Kray argues that class counsel failed to meet with him prior to filing the motion. The Metropolitan Water District of Southern California, represented by Kray, is at the center of this legal battle. Mitchell Tilner, an attorney from Horvitz & Levy in Burbank, California, has … Read more