Bayer Pays $10 Billion To Settle Thousands Of Monsanto Glyphosate Lawsuits
Posted by freedomforall 5 years ago to Business
Citing people familiar with the matter, German newspaper Handelsblatt reported that the company has agreed to settle tens of thousands of glyphosate-related lawsuits in the US for between $8 billion to $10 billion.
Of that number, $2 billion is considered a "reserve" which can be used to settle future claims.
The rest will be used to settle all of the lawsuits pending in the United States from users of the controversial weed killer, the number of active lawsuits against the Roundup purveyor recently numbered more than 50k.
Talks for an out of court settlement have been ongoing since last summer.
Last year, scientists evaluated a batch of existing studies and determined that Monsanto's ubiquitous weed-killer Roundup and its active ingredient glyphosate increased cancer risk of non-Hodgkin lymphoma (NHL) by 41%, according to a research published in February 2019. Back in 2018, a San Francisco Jury awarded $289 million in damages to a former school groundskeeper, Dewayne Johnson, who said Monsanto's Roundup weedkiller gave him terminal cancer. That award consisted of $40 million in compensatory damages and $250 million in punitive damages.
Of that number, $2 billion is considered a "reserve" which can be used to settle future claims.
The rest will be used to settle all of the lawsuits pending in the United States from users of the controversial weed killer, the number of active lawsuits against the Roundup purveyor recently numbered more than 50k.
Talks for an out of court settlement have been ongoing since last summer.
Last year, scientists evaluated a batch of existing studies and determined that Monsanto's ubiquitous weed-killer Roundup and its active ingredient glyphosate increased cancer risk of non-Hodgkin lymphoma (NHL) by 41%, according to a research published in February 2019. Back in 2018, a San Francisco Jury awarded $289 million in damages to a former school groundskeeper, Dewayne Johnson, who said Monsanto's Roundup weedkiller gave him terminal cancer. That award consisted of $40 million in compensatory damages and $250 million in punitive damages.
My beefsteaks took forever to ripen last year and each ended up with bad spots. This year I am trying something I listen to online. 600mg of asprin, mixed with a gallon of water and sprayed on the leaves,promotes root growth, immune enhancement and better tasting fruit...
I'll let you know if it works.
The video was titled: Grow tomatoes, not leaves.
We Americans, I'm sorry to say, are a little too cavalier with our health, our food, etc...
I have about 150 green cherry tomatoes so far, in various stages of ripening at present. Still have a couple weeks before any will be ripe, I think.
(It's difficult to get good beefsteaks or heritage tomatoes here where we get over 90F for long periods of summer.)
I am presently waiting for 10 early tomatoes to ripen so I can eat them...
Started my plants indoors under a great full spectrum grow light back in April...couldn't plant them till early June...just like the last few years.
Wish I paid more attention to at least give you a little tid bit but I just didn't have a spare neuron at the time...laughing
Honest science applied to time tested ways is the best way to go. For food, for medicine, for mankind.
(FWIW, Japan is next on my list)
I would ESTIMATE that 80% of the land on the planet is not in use. And that 80% of the population lives on about 5% of it.
A LONG drive through TN, KY, Montana... Will surprise some people... Same thing for a train ride through France.
There was a Ted Talk where the guy explained... As countries mature, they have fewer children. Over time, societies like Japan will fade away,
as they have negative population growth. The USA as well, as we already see the majority being replaced artificially. In 6 generations, we will
not recognize our country...
But the prediction was that at about 8 Billion population, the populations would start shrinking. Child mortality would be much LOWER, and the poorest parents could have fewer children. That group is THE driver of the current growth. Well, that group and a couple of religions I wont mention...
Anyways, as people become wealthier, they focus on wealth preservation, and naturally have fewer children that they can invest more into.
My Grandma had 12 children, My Mom had 4, 2 brothers each had 2, I have 1... NONE of that generation is producing offspring with my daughter being the youngest at 21... I would say 50/50 she wont have kids. True shame, 'cause she has AMAZING Genes... Super Bright.
Idiocracy is no longer humor... LOL
But we could feed our entire country BEEF every day, if we raised cattle properly. While preserving nature, and producing healthier chickens, and better eggs!
So far they have temporarily halted production of Serrano (10,000), Mexican cherry bomb (5,000), Gambo (sweet), Fresno (10,000), Thai Birdseye (100,000), Brazilian Starfish (20,000), and Pimento (500).
Scoville ratings in ()
I am offering the brutes some bacon but they are avoiding the trap so far.
Today's wheat was developed originally to make starving kids in Africa FAT...they conveniently forgot the nutrition part...
I got out of medical equipment manufacturing years ago just for this reason. You could work 15 years building up a business and lose it all to a shutdown order by the FDA, or one lawsuit. Not worth the risk.
The right word is extortion- you have money, we want it.
Now it is Monsanto, same same.
It works, so expect to see more. The motivation is the same as looting, mindless, when the wokists go after their supporters who have even more money, there may possibly, be some re-thinking.
Did Monsanto warn people to be careful when using the product.
Did Monsanto force people to use the product?
My point is that there is always a trade. I choose A at the expense of B. Eliminate fraud and force -- then we make our own decisions and live with the consequences. Perhaps Monsanto is guilty of one or both? Apparently the court thought so. It does not seem clear to me but I did not listen to the arguments.
BTW 41% increase in getting NHL is how much? I saw no figure for the probability of getting NHL.
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