BERLIN (AP) — Bayer will pay up to $10.9 billion to settle litigation over the subsidiary Monsanto's weedkiller Roundup, which has faced thousands of lawsuits over claims it causes cancer, the German-based company said Wednesday.
Bayer said it was also paying up $1.22 billion to settle two additional areas of intense litigation, one involving PCB in water, and one involving dicamba, another weedkiller.
The company said the Roundup settlement involves about 125,000 filed and unfiled claims. Under the agreement, Bayer will make a payment of $8.8 billion to $9.6 billion to resolve current litigation, and $1.25 billion to address potential future litigation.
Any future settlements are subject to approval by Judge Vince Chhabria of the U.S. District Court for the Northern District of Calif