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The verdict includes $2 billion in punitive damages and $65 million in compensatory damages, the company said.
The decision marks the latest legal setback for a company that has been fighting for years lawsuits stemming from its $63 billion acquisition of U.S. agrochemical firm Monsanto, which developed Roundup, closed in 2018. Critics have argued that glyphosate, the active ingredient found in Roundup, causes cancer though Bayer has long maintained that glyphosate is safe to use.
TIL Bayer owns Monsanto.
Wow I never knew this
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I forgot Bayer purchased Monsanto.
I forgot Monsanto developed Roundup. My neighbor has Roundup if I need it. She told me this 2 days ago (not kidding)
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