the reaction of The top management was clear: “Bayer is disappointed with the verdict of the Jury deep”, the German tradition of the group in the night to Thursday know. Before the jury, the district court had awarded San Francisco the retired Edwin Hardeman 80.3 million dollars (71.4 million euros) in damages. The members of the Jury believe, that the Bayer subsidiary Monsanto for the lymph glands cancer the 70-Year-old responsible. Hardeman had used in his garden with the glyphosate-containing herbicide Roundup and makes the glyphosate manufacturer-Monsanto for his disease.
For the Bayer group, the Monsanto last August had taken over, this is the second setback in front of a US court. Last year, a jury had awarded to the cancer patients Dewayne Johnson 289 million dollars in damages. The judge had reduced the penalty, although later on good $ 79 million, the condemnation in principle, but there are. Bayer has filed an appeal and will continue to do so in Hardeman process.
That Bayer would again draw the short straw, had already emerged in the past week. Since the Jury had ruled that, in principle, in your opinion, glyphosate causes cancer – a finding that Bayer heavily. In the second part of the process has now been completed, it went only to the question of liability and the amount of compensation. The Hardeman award of 80.3 million dollars from $ 5.3 million in regular damages and $ 75 million punitive damages that can be imposed in U.S. law.
Video 28.03.2019, 08:14 Uhr00:30 Min.Monsanto must be a US citizen damage 72 million euros set of numbers
Bayer, the re-defeat is also a disappointment, because it is in the Hardeman-process a “Bellwether Case”. This model procedure is intended to give the parties an indication of the direction in which the courts decide and what are the damages of heights to do it. In the United States more than 11200 people complain now because of glyphosate against Bayer, the sole property of the district judge Vince Chhabria in San Francisco, for the Hardeman case responsible, are bundled with several Hundred complaints from farmers, gardeners and consumers.
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Bayer hopes now on the appellate court. Because there is no Geschworenenjurys decide, but the professional judges. And these are probably more of the extensive range of scientific Material that has been collected by Bayer, as the jury, rather ends of the emotional judgment. In fact, the Dax can be appointed to group on more than 800 studies, the glyphosate certify, under proper use, for sure. All admission authorities, the German Federal Institute for risk assessment – assume that the drug is safe. Only, the cancer research Agency of the world health organization considers glyphosate to “probably carcinogenic”.
For Bayer-share of the dispute with Monsanto yet a Disaster. The paper had lost after the verdict of the Jury in the last week, eleven per cent of its value since the Takeover by Monsanto has reduced the stock value of Bayer, more than 30 billion euros. On Thursday it went further downhill. The stock lost 3.3 percent and fell to a Seven-year Low.
On the stock exchange, the German group, which had acquired Schering in Berlin now, some 5,200 people are employed, only 51 billion euros value, which was less than the 56 billion euros, the Leverkusen the purchase of Monsanto’s costs. The Monsanto Deal was the most expensive Acquisition made by a German company ever.
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process to alleged cancer risk Bayer stock breaks to the glyphosate-judgment
glyphosate is the most widely sold herbicide in the world. At the European level, the active substance is approved, up to the year 2022, in Germany the black-red coalition, the use of the total herbicide for the protection of biodiversity and for the conservation of biodiversity to restrict. A corresponding key issues paper from the Federal Ministry of agriculture, which provides for, among other things, ban the use of glyphosate in gardens, to negotiate agriculture and the Ministry of the environment. For the dispute between the ministries, the approval of 18 new plant protection protection products on the German market by the Ministry of agriculture provides currently established under the Federal office of consumer protection. One of the means contains glyphosate. The Federal environment Agency criticized until the end of the year temporary approval, and asks each farmer, the glyphosate uses ten percent of its area as a compensation area for the protection of biodiversity to a halt. The Ministry of agriculture and the farmers keep the default for unlawful and reject the.
