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BREAKING: BAYER ORDERED TO PAY 2 BILLION IN DAMAGES IN 3RD ROUNDUP-CANCER TRIAL; IS BANKRUPTCY ON THE HORIZON?
Sayer Ji
5-13-19
Today a jury in Oakland, California awarded more than $2 billion to a couple who charged that Bayer AG's glyphosate-based Roundup weed killer caused their cancer. How will Bayer continue to sustain such punishment without filing bankruptcy?
According to a report on Bloomberg.com, this marks the largest jury award in the U.S. this year, and the eigth-largest ever in a product-defect claim. This also marks the third such ruling, after two other recent California trials over the herbicide causing cancer yielded combined damages against Bayer AG of $159 million.
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