On June 24, 2020, Bayer announced a series of agreements that will substantially resolve major outstanding Monsanto litigation, including U.S. Roundup™ product liability litigation. The U.S. Roundup™ resolution will bring closure to approximately 75% of the current Roundup™ litigation involving approximately 125,000 filed and unfiled claims overall. The resolved claims include all plaintiff law firms leading the Roundup™ federal multi-district litigation (MDL) or the California bellwether cases, and those representing approximately 95% of the cases currently set for trial, and establish key values and parameters to guide the resolution of the remainder of the claims as negotiations advance.
- The company will make a payment of $8.8 billion to $9.6 billion to resolve the current Roundup™ litigation, including an allowance expected to cover unresolved claims.
- Those participating in the settlement will be required to dismiss their cases or agree not to file.
- The range of $8.8 billion to $9.6 billion covers both the agreements already signed and those that are still under negotiation.
- Customers, including farmers and other professional users who depend on glyphosate-based herbicides for their livelihoods, will see no change in the availability of Roundup™ products under the agreements.
- The three cases that have gone to trial — Johnson, Hardeman and Pilliod — are not covered by the settlement.
Read Bayer’s press release here
As of Q1 2021, 96,000 current claims have been covered by settlement agreements, or did not meet the settlement program eligibility criteria.