More than 11 000 suits are against Bayer, a subsidiary of Monsanto. It is a question of possible hazards of glyphosate products. Despite the many lawsuits, Bayer 2018 put no money for possible fines. The group reported a billion dollar profit. the Elisabeth Dostert, Leverkusen Elisabeth Dostert on Twitter E-Mail send
an increase in The number of lawsuits in the U.S. against Bayer, a subsidiary of Monsanto because glyphosate is to the end of January on “about 11 200”. This is one of the on Wednesday published the annual report of the Bayer group. To be had at the end of October, the group puts the number “9300”. In addition, you can expect further lawsuits, it says in the Chapter “Legal risks” in the annual report in 2018.
In August 2018 was granted to a court in San Francisco the cancer caretaker Dewayne Johnson was initially nearly $ 290 million, the payment was reduced due to formal reasons, to 78 million dollars. Bayer has appealed against the judgment. “We think the ruling in the case Johnson is wrong,” – said in the speech manuscript of Bayer management Board Chairman Werner Baumann to the balance sheet press conference: “We will put in all the other cases decided to the military. Glyphosate is a safe product.”
the Bayer seems to be sure of his cause to be
On Monday started in San Francisco another process. Overall, to be recognised in this year’s seven procedures for the negotiation, the next start in mid-March. Up to the 28. January had been served on Bayer a canadian lawsuit in connection with the Roundup, the approval of a class action suit was sought, stated in the annual report. Roundup is the brand name of the weed destruction has brought ester with the active ingredient glyphosate, Monsanto in the mid-1970s on the market.
The fiscal year of 2018 has been completed, Bayer profit. The group came to a net profit of nearly 1.7 billion euros. Against product liability claims, Bayer is insured in the “industry standard” size. To the amount the company does not respond. For the glyphosate-process it has in its accounting for the costs of defense in court. Also, the amount of which is not quantified. Provisions for possible penalties from the financial statements in 2018 and does not contain. Bayer is convinced that to win at the end of the procedure. Provisions for penalties would suggest the presumption that the group is his thing, not so sure.