Please try another search
By Tina Bellon
(Reuters) - A California judge on Thursday reduced a $2 billion jury verdict, slashing the award for a couple who blamed Bayer (DE:BAYGN) AG's glyphosate-based weed killer Roundup for their cancer to $86.7 million.
Superior Court Judge Winifred Smith of the California Superior Court in Oakland said the jury's billion-dollar punitive damages awards were excessive and unconstitutional, but rejected Bayer's request to strike the punitive award outright.
Under Smith's final order, California couple Alva and Alberta Pilliod would receive roughly $17 million in compensatory and $69 million in punitive damages, down from $55 million and $2 billion, respectively.
The plaintiffs still have to formally accept the reduced award.
Bayer in a statement on Thursday said Smith's decision to slash the award was a step in the right direction, but added it would file an appeal.
"We continue to believe that the verdict and damage awards are not supported by the evidence at trial and conflict with the extensive body of reliable science and conclusions of leading health regulators worldwide that confirms glyphosate-based herbicides can be used safely and that glyphosate is not carcinogenic," the company said.
Bayer faces Roundup cancer lawsuits by more than 13,400 plaintiffs across the United States. The Germany-based company bought Roundup maker Monsanto (NYSE:MON) in a $63 billion deal last year, but has since seen its share price tumble over the glyphosate litigation.
Plaintiffs allege Roundup causes non-Hodgkin's lymphoma and that Monsanto for decades tried to influence scientists and regulators to bury cancer evidence. Bayer denies those allegations.
The company had asked Smith to strike the punitive damages award in the Pilliods' case, arguing that hundreds of studies and assessments by regulators worldwide concluded the herbicide to be safe for human use.
But the judge in her Thursday order rejected those arguments.
"In this case there was clear and convincing evidence that Monsanto made efforts to impede, discourage, or distort scientific inquiry and the resulting science," Smith said.
Bayer to date has lost three U.S. jury trials in the Roundup litigation, with juries in California awarding multi-million dollar awards. It is appealing the decisions.
In August, the company is scheduled to face its first trial outside California at a courthouse in St. Louis, Missouri. Monsanto has recruited Missouri-based expert witnesses to make its case in a place where it has century-old roots but where juries often hit companies with huge damages.
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.