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Bayer’s Biggest Mistake –Buying Monsanto?

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Shares in Bayer plummeted this year and many jobs axed, mainly due to concerns over Monsanto’s Roundup Cancer Lawsuits

San Francisco, CAAugust 10, 2018 was a bad day for Bayer and Monsanto executives. That was the day when San Francisco jurors determined that Monsanto’s (and now Bayer’s) RoundUp and Ranger Pro caused cancer in a former school groundskeeper who claimed his terminal cancer had been caused by the glyphosate-based weed-killers.

Bayer and Monsanto Deal



Bayer’s shares have dropped more than a third this year. If financial experts are correct in reasoning that it’s mainly because of the lawsuits involving Roundup, the German company’s future may look bleak. On that day in August, $289 million in damages was awarded to Dewayne Johnson. Although the amount was later reduced to $29 million, more than four thousand individuals with similar Monsanto lawsuits are waiting their day in court. Bayer, in June 2018, won over Monsanto with a takeover offer of about $66 billion.

The $128 a share deal, up from Bayer's previous offer of $127.50 a share, is the biggest of the year so far and the largest cash bid on record, reported Scientific American. If all went according to plan, Bayer’s deal would create a company with more than a quarter of the combined world market for seeds and pesticides in the fast-consolidating farm supplies industry – a deal opposed by many, from environmentalists to healthcare professionals to farmers. (Farmers are mainly worried about Bayer’s power and their advantage in digital farming data, which would tell them how and when to till, sow, spray, fertilize and pick crops based on algorithms.)

Also opposed to the deal was Marjin Dekkers, a senior executive who ran Bayer in 2010. According to the Wall Street Journal, , Dekkers viewed the plan to acquire Monsanto as “fraught with risks, from the all-cash financing and the challenge of integrating two companies with very different cultures, to the reputational challenges springing from Monsanto’s controversial image.”

Bayer Facing more Monsanto Roundup Litigation



Having put aside nearly $250 million for all litigation, Bayer was ill-prepared for Monsanto Glyphosate Lawsuits-- Dewayne Johnson’s award alone exceeded that amount. The giant chemical company is now looking at how to deal with thousands of people with claims similar to Johnson’s Roundup-cancer lawsuit, including plaintiff Richard Giglio.

EMANUEL RICHARD GIGLIO v. MONSANTO



Filed in the California Southern District Court in October 2015, Giglio alleges that exposure to Roundup caused him to develop non-Hodgkin's lymphoma (Case No.: 15cv2279), but he might succumb to cancer before his trial. In April of 2018 Giglio’s oncologist gave him less than six months to live. Giglio, age 66, owned a landscaping company that installed synthetic turf. He used a gallon of Roundup every two months for about five years to remove grass from his customers’ property, but stopped using the toxic herbicide in 2015 when he was diagnosed with the same cancer as Dewayne Johnson.

Although glyphosate, the active ingredient in Roundup, was classified as a probable cause of human cancer in 2015 by the World Health Organization, the U.S. Environmental Protection Agency and several regulatory agencies in Europe have found it to be a safe product.

READ ABOUT ROUNDUP CANCER LAWSUITS

Roundup Cancer Legal Help

If you or a loved one have suffered losses in this case, please click the link below and your complaint will be sent to a defective products lawyer who may evaluate your Roundup Cancer claim at no cost or obligation.

READER COMMENTS

Posted by

on
My late husband, Capt. William J. Boritz, USAF Ret. often used Roundup on our own and on his parents property to kill weeds. His father, Lt. Col. Samuel L. Boritz, USAF Ret. Both may have also been exposed repeatedly to the toxic weed killer on the U.S. Air Force bases where they worked.

My husband was diagnosed with stage 4 non-Hodgkins lymphoma through the Atlanta VA Hospital here. His parents had moved to Arizona from Atlanta about 1998-99 and his father was diagnosed with non-Hodgkins lymphoma (of the eye) some years later. My husband was successfully treated for the lymphoma at the Atlanta VA Hospital where he later died from other causes, May 17, 2010. His father had recurring battles with his lymphoma and was treated through Johns Hopkins hospital in the Phoenix area. He did die from the lymphoma.

I do not know if either or both cases are suitable for this litigation. Their medical and service records are easily available. They are survived by myself, my 2 daughters and 2 grandchildren, my sister-in-law, and her 2 sons.

Posted by

on
Do you practice also for utah
Thanks
Elham

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