Skip to content
Market Spectator

Market Spectator

Primary Menu
  • Business
  • Domestic
  • Economy
  • Politics
  • Top News
  • Newsletters
Live
  • Home
  • 2024
  • June
  • 7
  • Judge cuts Bayer $2.25 billion Roundup verdict to $400 million
  • Top News

Judge cuts Bayer $2.25 billion Roundup verdict to $400 million

Market Spectator June 7, 2024 2 minutes read

By Dietrich Knauth

NEW YORK (Reuters) – A Pennsylvania judge on Tuesday slashed a $2.25 billion U.S. verdict against Bayer to $400 million for a Pennsylvania man who said he developed cancer from exposure to the company’s Roundup weedkiller.

A jury in the Philadelphia Court of Common Pleas found that John McKivison’s non-Hodgkins lymphoma was the result of using Roundup for yard work at his house for several years, and it ordered Bayer to pay $250 million in compensatory damages and $2 billion in punitive damages.

Judge Susan Schulman granted some of Bayer’s post-trial motions challenging that verdict, reducing compensatory damages to $50 million and punitive damages to $350 million.

Bayer said it would continue to appeal to the Superior Court of Pennsylvania, challenging the trial court’s decision to allow the jury to hear what it called misleading and “inflammatory” testimony.

“While the court’s decision reduces the unconstitutionally excessive damage award, we still disagree with the ruling on the liability verdict, as the trial was marred by significant and reversible errors,” a Bayer spokesperson said Tuesday.

Bayer also called for U.S. legislative reform to protect companies whose products comply with federal labeling requirements.

Bayer has said that decades of studies have shown Roundup and its active ingredient, glyphosate, are safe for human use.

Roundup is among the most widely used weedkillers in the United States, though the company phased out its sales for home use last year.

But the company has taken a string of losses in Roundup trials in late 2023 and early 2024, resulting in more than $4.25 billion in verdicts. Some of those verdicts, like McKivison’s, were later reduced, but the cases ended a nine-trial winning streak for Bayer and shattered investor and company hopes that the worst of the Roundup litigation was over.

Around 165,000 claims have been made in the U.S. against the company for personal injuries allegedly caused by Roundup, which Bayer acquired as part of its $63 billion purchase of U.S. agrochemical company Monsanto in 2018. Most plaintiffs, like McKivison, allege that the product caused non-Hodgkins lymphoma.

In 2020, Bayer settled most of the then-pending Roundup cases for up to $9.6 billion but failed to get a settlement covering future cases. More than 50,000 claims remain pending.

(Reporting by Dietrich Knauth; Editing by Josie Kao)

About the Author

Market Spectator

Administrator

View All Posts

Post navigation

Previous: Tesla objects to $5.6 billion payout for lawyers who voided Musk’s pay
Next: Visa and MasterCard face new UK lawsuits over merchant fees

Related Stories

b7313fbf-ebed-483b-8254-22ed5e315625
  • Top News

LLY and the GLP-1 Franchise: What the Options Market Knows That the Headlines Don’t

Market Spectator May 29, 2026
74f93bfb-5a92-4b2f-830a-0a696325170a
  • Top News

Palantir Is Not an AI Hype Story Anymore

Market Spectator May 29, 2026
276d8fa5-a553-4133-8931-ac86ab244750
  • Top News

XLE and the Hormuz Premium: The Energy Sector’s Options Market Is Pricing a Regime Change

Market Spectator May 29, 2026

Live Market Pulse

The charting technology is provided by TradingView. Learn how to use theTradingView Stock Screener.

Categories

  • Business
  • Domestic
  • Economy
  • Money
  • Politics
  • Top News
  • Uncategorized

Recent Posts

  • Micron Technology: Memory Is No Longer a Commodity
  • LLY and the GLP-1 Franchise: What the Options Market Knows That the Headlines Don’t
  • Palantir Is Not an AI Hype Story Anymore
  • Nvidia Just Printed $81.6 Billion and the Stock Went Down. Here’s What the Tape Is Really Telling You.
  • The Power Grid Is Cracking Under the Weight of AI. One Stock Is the Cleanest Way to Play It.

You may have missed

b11ef2e2-f1d2-43d5-aeec-b805e4de5792
  • Business

Micron Technology: Memory Is No Longer a Commodity

Market Spectator May 30, 2026
b7313fbf-ebed-483b-8254-22ed5e315625
  • Top News

LLY and the GLP-1 Franchise: What the Options Market Knows That the Headlines Don’t

Market Spectator May 29, 2026
74f93bfb-5a92-4b2f-830a-0a696325170a
  • Top News

Palantir Is Not an AI Hype Story Anymore

Market Spectator May 29, 2026
75962f66-78bc-409a-bdd2-0011e20d52ec
  • Business

Nvidia Just Printed $81.6 Billion and the Stock Went Down. Here’s What the Tape Is Really Telling You.

Market Spectator May 29, 2026
  • Home
  • Terms of Service
  • Privacy Policy
  • Disclaimer
  • Contact Us
Copyright 2026 © All rights reserved | Market Spectator | marketspectator.com SITE_OK