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Home.forex news reportBayer proposes $10.25 billion plan for all Roundup cancer cases

Bayer proposes $10.25 billion plan for all Roundup cancer cases

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BERLIN, Feb 17 (Reuters) – Bayer said on Tuesday that its Monsanto unit had filed a proposed U.S. class settlement ‌totalling as much as $7.25 billion that was aimed at ‌resolving current and future claims that its Roundup weedkiller caused Non‑Hodgkins lymphoma.

The German company ​said the proposed nationwide settlement, filed in the Circuit Court of the City of St. Louis, Missouri, would establish a long‑term claims programme funded by capped annual payments over up to 21 years.

Bayer, ‌which has been dogged ⁠by the Roundup claims for years after buying Monsanto, said it is separately preparing additional settlements covering ⁠existing U.S. Roundup cases worth about $3 billion.

The proposed settlement will cover the majority of cases pending in both U.S. state and federal courts. ​The proposal ​is slated to be filed ​before a judge in St. ‌Louis, Missouri on Tuesday and will require approval by a judge.

The proposal includes a provision allowing people who can prove that they have been diagnosed with Non-Hodgkins lymphoma and were exposed to Roundup before Tuesday to file claims to receive a portion of ‌the settlement for up to 21 years.

Bayer ​expects its provisions and litigation liabilities ​to rise from 7.8 ​billion euros to 11.8 billion euros. It anticipates around ‌5 billion euros in litigation‑related ​payouts in 2026 ​and now expects negative free cash flow for the year.

The company has postponed publication of its 2025 results and 2026 ​guidance to March 4 ‌to reflect the agreements.

(Reporting by Diana Jones and Kirsti ​Knolle; Writing by Linda Pasquini and Friederike Heine; Editing ​by Madeline Chambers and Alexander Smith)



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