Image Source: BBC
Bayer AG, a German chemical company, embroiled in tons of lawsuits in the US over its weedkiller Roundup, has suffered a setback thanks to the ruling of the US Supreme court.
Bayer AG is fighting accusations that it failed to alert consumers to the herbicide’s purported cancer dangers appropriately. It stated that the company should be immune from liability due to the product’s approval by government regulators.
The company’s appeal was denied by the Supreme Court, leaving it open to potentially billion-dollar legal claims. A $25 million award to a California man who used Roundup and claimed that using the glyphosate-based herbicide on his land caused his cancer was upheld after the justices decided they would not hear the case.
Bayer expressed its “respectful” disagreement with the court’s ruling on Tuesday, claiming that it “undermined the capacity of companies to depend on official measures conducted by knowledgeable regulatory agencies.”
The herbicide glyphosate, on which Roundup and numerous other weedkillers are based, is the subject of legal lawsuits focusing on its potential carcinogenic dangers.
The World Health Organization declared glyphosate to be “probably carcinogenic to humans” in 2015, yet it is still legal in the US and other countries, including Europe.
Last week, a federal appeals court found that the US Environmental Protection Agency had not fully taken into account the risks that glyphosate poses to persons and the environment. This decision could prompt authorities to conduct another examination.
Bayer AG, which purchased the Roundup brand as part of its $63 billion acquisition of Monsanto in 2018, has defended the chemical’s safety.
Bayer appealed to the court that it shouldn’t be held accountable for promoting a product “because the product does not cause cancer,” according to nearly all scientific and regulatory bodies. According to the article, the Environmental Protection Agency even told manufacturers not to add cancer warnings to their labels in 2019, claiming that doing so would be deceptive.
The corporation has lost three Roundup cases in court, including the one that prompted the Supreme Court appeal, and has won four.
A nearly $11 billion settlement was announced in 2020 with the intention of resolving tens of thousands of lawsuits. In a March update to investors, Bayer stated that it had settled roughly 107,000 cases out of a total of about 138,000 cases. For possible payouts, it has saved a total of more than $15 billion.
According to Bayer, herbicides targeted for the US household market will no longer contain glyphosate. Instead, new active chemicals will be added
As the news became public, shares of Bayer AG decreased by over 3%.
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