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News and comment on genetically modified foods and their associated pesticides    
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Bayer has not proposed paying $8 billion to settle US Roundup claims: mediator

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Published: 09 August 2019
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Update

Here's an update on the Bloomberg story we put out earlier.
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Bayer has not proposed paying $8 billion to settle U.S. Roundup claims: mediator

Reuters, 9 Aug 2019
https://www.reuters.com/article/us-bayer-glyphosate-feinberg/bayer-has-not-proposed-paying-8-billion-to-settle-u-s-roundup-claims-mediator-idUSKCN1UZ1FA

Bayer AG has not proposed paying $8 billion to settle all U.S. claims related to the Roundup herbicide, mediator Ken Feinberg said in an email on Friday.

“Such a statement is pure fiction,” Feinberg said. “Compensation has not even been discussed in the global mediation discussions.”

Bayer acquired Roundup and other glyphosate-based weedkillers through its $63 billion takeover of Monsanto last year. It has faced a wide array of litigation over Roundup’s alleged cancer risks.

Reporting by Jonathan Stempel in New York; Editing by Steve Orlofsky

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