Bayer Roundup Verdict Slashed in California After Settlement
- Court rejects company’s central argument in multiple appeals
- Failure to erase verdict outright may embolden deal holdouts
Photographer: Scott Olson/Getty Images
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A $79 million award against Bayer AG was slashed by three-quarters almost a month after the company reached a settlement to resolve lawsuits over its flagship weed killer Roundup.
Bayer shares rose as much as 2.1% in response to the decision by a California appeals court, which affirmed the 2018 verdict in favor of a landscaper while cutting his award to $20.5 million.