Bayer Pays $10 Billion To Settle Thousands Of Monsanto Glyphosate Lawsuits

Posted by freedomforall 5 years ago to Business
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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.


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  • Posted by $ Olduglycarl 5 years ago in reply to this comment.
    Believe it or not, my larger tomatoes will be the first to be eaten...usually, the little ones are first.

    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.
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  • Posted by Abaco 5 years ago in reply to this comment.
    The problem with GMO isn't the GMO...it's the fact that A LOT of GMO is GMO for the purpose of surviving being coated with Roundup. People for years were wondering they had to get away from GMO due to bowel issues and similar.

    We Americans, I'm sorry to say, are a little too cavalier with our health, our food, etc...
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  • Posted by 5 years ago in reply to this comment.
    But fried green tomatoes are so good.

    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.)
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  • Posted by term2 5 years ago in reply to this comment.
    I used to raise tomatoes in my garden in New Jersey. They actually had a great flavor compared with the lackluster ones I get in Vegas
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  • Posted by $ Olduglycarl 5 years ago in reply to this comment.
    Agreed...not to mention it tastes better...like I remember as a kid...we used cow shit and the plants flourished and the food was good.

    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.
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  • Posted by term2 5 years ago in reply to this comment.
    I would feel better if my food come right out of the ground without all this chemical modifiers. Most of those wind up being carcinocenic years and years after they have been tried out, with us all as the guinea pigs.
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  • Posted by $ Olduglycarl 5 years ago in reply to this comment.
    At the time...yes, but I've read where they figured it out and now can produce just as much.
    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.
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  • Posted by term2 5 years ago in reply to this comment.
    what I was getting at is that the old "organic" methods of farming do not produce enough food, so new more efficient methods were needed and have been employed over the years.
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  • Posted by term2 5 years ago in reply to this comment.
    I think my comment came from the idea that to support the large populations, things had to be done faster and with less land use, spawning efficiency improvements which involve involve the use of processes not compatible with naturel.
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  • Posted by CaptainKirk 5 years ago in reply to this comment.
    Hardly. I have traveled across our great country, and from Norway to St. Petersburg, France, Italy, and all the way down to Australia.
    (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!
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  • Posted by 5 years ago in reply to this comment.
    I am, but they eat the tops of the plants before they fruit. [grrrr]
    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.
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  • Posted by $ Olduglycarl 5 years ago in reply to this comment.
    We produce more food than we need...tons of it gets disposed of or maybe the free market can't distribute it fast enough...I don't know which.
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  • Posted by $ Olduglycarl 5 years ago in reply to this comment.
    Exactly. I remember reading about a Virginia Farmer that farmed that way in the Book: The Omnivore's Dilemma.

    Today's wheat was developed originally to make starving kids in Africa FAT...they conveniently forgot the nutrition part...
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  • Posted by term2 5 years ago in reply to this comment.
    I think that tilling and weeding would be good for government clerks that drain our economy. Make em work for a change.
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  • Posted by term2 5 years ago in reply to this comment.
    maybe we have just too many people on the planet to be sustainable. The rush to produce more and more "food" is really a result of overpopulation.
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  • Posted by term2 5 years ago
    Why would companies continue to make/sell anything anymore, seeing as though they can be liable for way more than they ever actually made on the product.

    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.
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  • Posted by Lucky 5 years ago
    California has failed, or maybe just halted, so another state is going after Exxon-Mobil.
    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.
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  • Posted by amhunt 5 years ago
    Did Monsanto know of NHL danger?
    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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