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Monsanto (OTC:BAYRY) has announced agreements in principle to resolve PCB-related litigation cases involving over 200 plaintiffs from the Sky Valley Education Center in Washington state. The settlement excludes nine prior adverse verdicts (involving 49 plaintiffs) that remain under appeal.
The settlement costs are covered by the PCB litigation provision taken in Q2 2025. The company is pursuing a strategy to contain litigation risks by the end of 2026 and has filed a complaint in Missouri to enforce indemnity contracts signed in 1972 by former electrical manufacturing customers.
Bayer (OTC:BAYRY) has announced the U.S. launch of Aspirina, its leading pain relief product in Mexico, targeting the growing Hispanic market. The strategic expansion aims to serve the Hispanic population, which currently represents 19% of the U.S. population and is projected to reach 28% by 2060.
Aspirina holds impressive market metrics in Mexico, including a 99% awareness rate and 67% regular consumer usage. The product will be available at select Walmart and Walgreens locations, leveraging Bayer's 125-year legacy in aspirin manufacturing and the strong cultural connection among Hispanic consumers, with 70% maintaining strong ties to their country of origin.
The Fears Nachawati law firm is urging a federal judge to reject a proposed settlement between Bayer (OTCMKTS: BAYZF, BAYRY) and consumers seeking reimbursement for Roundup. They allege that the settlement could limit cancer victims' ability to seek justice. Representing over 4,000 cancer victims, the firm raises concerns about collusion due to generous legal fees and ambiguous language that may protect Monsanto from damages. Previous attempts at a similar settlement were blocked by the JPML. Notably, several trials have found that Roundup exposure causes cancer, leading to multimillion-dollar verdicts.
A panel has denied Bayer's request to settle lawsuits linked to its Roundup herbicide, impacting ongoing multidistrict litigation affecting thousands of cancer victims. The Judicial Panel on Multidistrict Litigation ruled on Oct. 8, transferring the case to U.S. District Judge Vince Chhabria, who has previously rejected settlements from Monsanto. Legal representatives criticized Bayer's actions as an attempt to limit justice for cancer victims, emphasizing the judge's capability to handle such cases. Three prior bellwether trials have ruled against Bayer, affirming that Roundup exposure caused cancer.
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