Earlier this week, Bayer announced that they will pay more than $10 billion to resolve thousands of lawsuits regarding claims that its herbicide Roundup causes cancer. As much as $9.6 billion of the total will go to law firms handling current claims, of which 75% are now resolved according to an op-ed by Bloomberg Opinion columnist Chris Hughes.
“Clearly, Bayer management is displeased that it is having to pay out these sums in relation to a product it asserts is safe when used properly,” Hughes wrote. “From its perspective, the problem is the U.S. legal system and the challenges facing lay juries weighing scientific data. The settlement gets Roundup out of court now and makes scientists weigh the evidence in future.”
The settlement does not contain any admission of wrongdoing or liability.