Bayer’s $38 Million Investor Settlement Teed Up for Final OK (2)

Bayer AG’s agreement to pay investors $38 million to settle securities class claims stemming from Roundup-related personal injury liability should be given final approval, shareholders told a federal court.

The deal would provide investors with more than 9% of their $417 million estimated maximum damages amount, according to pension funds representing the class. The funds on Thursday called it an excellent recovery, and they said the settlement should be approved as fair, reasonable, and adequate by Chief Judge Richard Seeborg of the US District Court for the Northern District of California.

The pension funds alleged Bayer didn’t adequately vet Roundup ...