Mediator: Bayer Roundup Deal Is Close as Claims Surge
Bayer AG may be only weeks away from settling more than 75,000 cancer claims over its Roundup weed-killer, reports Joel Rosenblatt at Bloomberg. This report comes after a surge in claims to almost double the number disclosed by the company in September, according to the court-appointed mediator in the litigation.
Mediator Ken Feinberg said in an interview Thursday that he remains “cautiously optimistic” a deal will be reached in about a month and that the accord would be comprehensive. Bayer disclosed in its third quarter report that it was facing 42,700 claims over the herbicide. Feinberg said the caseload has grown to between 75,000 and 85,000 and “maybe more.”
He declined to discuss terms of the possible settlement. Bayer rose as much as 1.8% in early Frankfurt trading.
Continue reading at Bloomberg.
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