Bayer’s Costs to Fight Future Roundup Lawsuits Climb (2)

Nov. 3, 2020, 1:52 PM

Bayer AG’s legal bills to contain the fallout over the weedkiller Roundup keep rising with costs to handle future lawsuits expected to surge to $2 billion.

The German drugs and chemicals maker is far enough along in talks with U.S. plaintiff attorneys to realize that the outlay will be higher than anticipated in June, it said in a statement Tuesday. Bayer also reported profit and sales that missed estimates as the pandemic hurt demand for key agriculture and pharmaceutical products. The shares fell as much as 3.2%.

The Roundup litigation continues to vex Chief Executive Officer Werner Baumann ...

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