Investing
Bayer ordered to pay $3.5 million in latest Roundup weedkiller trial
© Reuters. FILE PHOTO: Logo of Bayer AG is pictured at the annual results news conference of the German drugmaker in Leverkusen, Germany February 27, 2019. REUTERS/Wolfgang Rattay/File Photo
By Brendan Pierson
(Reuters) – Bayer (OTC:) was ordered on Tuesday to pay nearly $3.5 million by a Philadelphia jury that found the company’s Roundup weedkiller caused a woman’s cancer, the company said, the latest in a string of trial losses for the company as it tries to fend off thousands of similar lawsuits.
The verdict marks the fifth consecutive loss for Bayer, but it is much smaller than recent verdicts against the company that total $2 billion. The German conglomerate has faced pressure from some investors to reach a speedy settlement of the litigation in order to avoid further hefty trial verdicts.
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