Roundup weedkiller
Roundup weedkiller

Bayer has offered to pay more than $10bn (£7.9bn) to settle legal action brought by 125,000 Americans who say their cancers were caused by Roundup weedkiller.

三级成人视频The move would resolve about three quarters of the claims brought against the German company over Roundup, which was made by Monsanto.

三级成人视频Bayer bought the US firm two years ago for $63bn in a deal now regarded as one of the most disastrous takeovers in corporate history.

三级成人视频"The Roundup settlement is the right action at the right time for Bayer to bring a long period of uncertainty to an end," said said chief executive Werner Baumann, who masterminded the Monsanto deal.

三级成人视频The proposed settlement, which must first be approved by a Californian court, consists of a payment of between $8.8bn and $9.6bn to resolve the current legal action and $1.25bn for potential future litigation.

Ken Feinberg, who was appointed as settlement mediator by a US federal judge last year, said that while nearly 25,000 claims remained unsettled no more trials would take place.

"Bayer wisely decided to settle the litigation rather than roll the dice in American court," he said.

Mr Feinberg has mediated other high-profile disputes including BP's Deepwater Horizon disaster and Volkswagen's diesel emissions scandal as well as September 11th Victim Compensation Fund.

Roundup contains glyphosate, a weedkiller that many claimants say caused their illnesses, with many suffering from the non-Hodgkin's lymphoma.

Bayer long maintained that studies and regulatory approvals proved glyphosate was safe, but admitted in April that it "continues to engage constructively in the mediation process".

三级成人视频Monsanto launched Roundup in 1974 and Bayer will continue to sell the weedkiller without a cancer warning label, a spokesman said.