BERLIN (AP) — German pharma giant Bayer says it’s paying up to $10.9 billion to settle litigation over subsidiary Monsanto’s weedkiller Roundup. Monsanto has faced numerous lawsuits over claims that Roundup causes cancer.
In a statement Wednesday, Bayer said it was also paying up $1.22 billion to settle two further cases, one involving PCB in water.
The company says the Roundup settlement involves about 125,000 filed and unfiled claims.
Under the agreement, Bayer will make a payment of $8.8 billion to $9.6 billion to resolve current litigation over Roundup, and $1.25 billion to address potential future litigation.