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