Roundup Cancer Lawsuit News

Bayer Earnings Reel From Decreased Demand For Monsanto Seeds and Herbicide

Monsanto and Bayer's Roundup herbicide and GMO seed brand may have been damaged by negative publicity surrounding glyphosate cancer lawsuits

Wednesday, February 17, 2021 - Bayer announced last month that they have agreed, subject to court approval, to establish guidelines for individuals that file claims against the company in the years to come that claim using Roundup herbicide caused their cancer. During the next four years, individuals that have developed non-Hodgkin's lymphoma allegedly from using Roundup Herbicide without protective gear may join the group and receive a lump-sum payment of up to $200,000, according to Reuters. Plaintiffs that think the settlement is unfair may continue to file lawsuits and seek a larger payout. Bayer thinks most individuals will take the deal, putting a lid on future liabilities. The company lost all three lawsuits against them in recent years, with plaintiffs awarded an average of around $90 million each. National attorneys representing American's offer a free consultation and no- obligation to file a lawsuit claim if you or a loved one have suffered from Roundup herbicide cancer.

The settlement does nothing to help the company repair the damage that has been done to the Roundup herbicide brand and may have the opposite effect. Countries in Europe and South America have relied on Roundup herbicide and the genetically modified seeds that go with them hand in hand. Last year, agricultural giant Mexico joined Germany, France, and other European Union countries and initiated bans on glyphosate. In 2020, Bayer's earnings dropped 30.2% year over year in the third quarter, according to S and P Bayer cited decreased glyphosate and seed demand and legal costs for the revenue decline. "The German company recorded a third-quarter net loss from continuing and discontinued operations of 2.74 billion Euros, compared to net income from continuing and discontinued operations of 1.04 billion Euros in the year-ago quarter," S&P elaborated. The ongoing pandemic lockdowns and restaurant closures are forcing a disruption in the food supply. Crops are rotting in the field or being deliberately destroyed by farmers that have no market to sell them. Less foodservice demand means less demand for farmers who will likely continue to cut back in 2021 and beyond.

To fully understand the breadth of the movement against Monsanto GMO seeds and Roundup and related glyphosate-based herbicides, look at the firm stance that the country has taken to protect the integrity and security of the food it produces. In the wake of US pressure to reverse their position banning glyphosate, the president of Mexico made the county's position crystal clear. "Mexican president, Andres Manuel Lopez Obrador, has given farmers until 2024 to stop using glyphosate. On 31 December, the country published a "final decree" calling not only for the end of the use of glyphosate but also a phase-out of the planting and consumption of genetically engineered corn, which farmers often spray with glyphosate, a practice that often leaves residues of the pesticide in finished food products." Mexico has been under pressure from lobbyists and the US government to reverse its attempt to discontinue using glyphosate, but according to The Guardian, it's not working.

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Lawyers for Roundup Cancer Lawsuits

Attorneys handling Roundup cancer lawsuits for leukemia, non-Hodgkin lymphoma, and multiple myeloma offer free, no-obligation case review for individuals and families who believe they may have grounds to file a Roundup cancer lawsuit. Working on a contingency basis, these attorneys are committed to never charging legal fees unless they win compensation in your Roundup cancer lawsuit. The product liability litigators handling Roundup claims at the Onder Law Firm have a strong track record of success in representing families harmed by dangerous drugs and consumer products.