In its ongoing saga of losses in lawsuits with people who say their cancer was caused by the herbicide Roundup, Bayer has lost another round, to the tune of $332 million.

Bayer acquired the Roundup lawsuits with its purchase of Monsanto. According to Reuters, this is the third such loss for Bayer in a month. The current loss reflects $7 million in compensatory damages and $325 million in punitive damages for Mike Dennis, who was diagnosed at age 51 with a form of non-Hodgkin lymphoma.

Bayer paid $63 billion for Monsanto in 2018; since then, it’s settled lawsuits in the amount of $10.9 billion. It still has another 40,000 Roundup cases to go.

SOURCE:

Reuters October 31, 2023