Bayer’s flagship weed killer product has been hit with a slew of allegations over Roundup herbicide cancer.
A recent verdict against the Roundup herbicide and in favor of the former groundskeeper who filed the suit caused shares in the company to drop dramatically. Indeed, shares have dropped about 21 percent since the verdict, a five-year low.
Thousands of Roundup herbicide cases have so far been filed by gardeners, farmers, and others, alleging the weedkiller caused one of a number of types of cancer.
Bayer is now jumping to the defense of its Roundup herbicide product, arguing that it wants a California state court judge to overturn the verdict—or, if not that, order a new trial or reduce damages.
For investors, the risk of lengthy litigation is a serious concern for shares moving forward. On top of this, the verdict, and the $289 million award, also bring forward the possibility that future plaintiff payouts may be quite costly, potentially costing the company damages in the billions. Some have noted that, when Bayer took over Monsanto in 2016, Bayer may have underestimated the serious financial risks of taking on the Roundup herbicide litigation as well.
Bayer Chief Executive Werner Baumann “must ask himself if Bayer took too lightly the lawsuits against Monsanto,” said Winfried Mathes, a corporate expert from Deka Investment, speaking to The Wall Street Journal.
Bayer is currently facing at least 8,700 individual plaintiffs in the United States, and the number is expected to grow.
Roundup Herbicide Cancer
Despite its undeniable popularity Roundup herbicide has been linked with a number of types of Roundup cancer, including B-cell lymphoma.
Farmworkers as well as home gardeners are among the most at risk of any Roundup herbicide side effects, given the common use of the product in these roles. A number of farm workers and home gardeners have filed lawsuits against Bayer (and formerly Monsanto) with allegations of Roundup cancer, claiming that they were diagnosed with one of several kinds of cancer after using Roundup herbicide.
The Environmental Protection Agency began to suspect a Roundup cancer connection since the 1980s. A report published in March 2015 by the IARC concluded that glyphosate (the active ingredient in Roundup) is linked with cancer.
Types of Roundup Herbicide Cancer
Types of cancer that have so far been linked with the Roundup herbicide include the following:
- Non-Hodgkin’s lymphoma
- Leukemia
- Multiple Myeloma
- B-cell Lymphoma
- Bone Cancer
- Renal Cell Carcinoma (kidney cancer)
- Other Cancers
Filing a Lawsuit After Roundup Herbicide Exposure
If you or someone you love has been diagnosed with cancer from Roundup use, you may be able to file a lawsuit. While filing a lawsuit cannot take away the pain and suffering caused by cancer from Roundup herbicide exposure or bring a loved one back to life, it can help to alleviate the financial burden caused by medical expenses and lost wages.
If you or a loved one developed cancer after using Roundup as a farm worker or home gardener, you may have a legal claim. Legal migrant farm workers may also seek help. Learn more by filling out the form on this page for a FREE case evaluation.
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