Bayer Fails to Win Approval for PCB Settlement Once Again (1)

Bayer AG again failed to persuade a judge to approve a $650 million settlement with hundreds of cities, counties and ports over PCB contamination.

“The court asked the parties to address a number of specific concerns and file a renewed motion in 30 days,” Bayer said in an emailed statement.

U.S. District Judge Fernando Olguin rejected the first proposed settlement in November, saying it improperly shielded Bayer from claims filed by other potentially injured parties, including states.

Bayer resumed negotiations and, along with the local governments, submitted a revised plan in December.

But during a telephone hearing Thursday, Olguin once ...