By: Tyler Durden
Having successfully closed on its $66 billion purchase of the agrochemical company Monsanto in June, we suspect Germany’s Bayer AG, is more than a little concerned now after failing to persuade a judge to set aside a jury’s $289 million verdict in the first trial over allegations that its Roundup weed killer causes cancer.
a San Francisco Jury awarded $289 million in damages to a former school groundskeeper, Dewayne Johnson, who said Monsanto’s Roundup weedkiller gave him terminal cancer. The award consists of $40 million in compensatory damages and $250 million in punitive damages.
Johnson’s trial was fast-tracked due to the severe state of his non-Hodgkins lymphoma, a cancer of the lymph system he says was triggered by Roundup and Ranger Pro, a similar glyphosate herbicide that he applied up to 30 times per year. His doctors didn’t think he’d live to live to see the verdict