Germany's Bayer said on Wednesday that the number of U.S. plaintiffs blamin...
FILE PHOTO: Logo and flags of Bayer AG are pictured outside a plant of the German pharmaceutical and chemical maker in Wuppertal, Germany August 9, 2019. REUTERS/Wolfgang Rattay
“This significant increase is clearly driven by the plaintiff-side television advertising spend which is estimated to have roughly doubled in the third quarter compared with the entire first half of the year,” Bayer, which last year acquired Monsanto for $63 billion, said in a statement.The company said it continued to be constructively engaged in a mediation process ordered by a federal judge in California.
Its shares have lost about 30% of their value since last August when a California jury in the first such lawsuit found Monsanto should have warned of the alleged cancer risks associated with its glyphosate-based weedkillers such as Roundup.
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