On June 26th, Bayer announced it is assembling a new team dedicated to handling the highly-publicized Roundup lawsuits. The eight-person committee will consist of shareholders, supervisory board members, and employee representatives. Additionally, Bayer hired attorney John H. Beisner to provide advice on mass tort litigation and the mediation process. Beisner has experience with similar cases, including negotiating a settlement for Merck & Co. over its anti-inflammatory drug Vioxx.
Background of the Bayer/Monsanto Roundup Lawsuits
Roundup is an herbicide originally produced by Monsanto, which Bayer acquired in 2018. In 2015, the International Agency for Research on Cancer (IARC), concluded that the active chemical in Roundup, glyphosate, was likely a carcinogen.
Since then, more than 15,000 lawsuits have been filed against the pharmaceutical giant arguing that exposure to Roundup is responsible for causing non-Hodgkin lymphoma. This year, Bayer has lost three separate Roundup cases with multi-million dollar verdicts.
Bayer still maintains that Roundup is harmless and that glyphosate is safe for humans. The company is still attempting to win back the trust of the public and investors, as the growing legal issues have made a dent on the company’s reputation. Since the decision to overtake Monsanto, Bayer’s market value has dropped nearly 40%, and the company has faced backlash from its stakeholders.
Call Whitley Law Firm for Help with Your Product Liability Case
If you or someone you know was diagnosed with non-Hodgkin lymphoma after long-term exposure to Roundup, you may be entitled to financial compensation. At Whitley Law Firm, our attorneys have extensive experience with product liability lawsuits. With help from an attorney, you could seek payment for your losses and help hold negligent companies accountable for their actions.