Bayer’s provision for the glyphosate litigation totaled $6.3 billion as of Dec. 31, 2023, the company said in its quarterly report, according to Bloomberg.
As of Jan. 31, 2024, Bayer’s Monsanto unit had reached settlements and/or was close to settling in a substantial number of claims. Of the roughly 167,000 claims in total, approximately 113,000 have been settled or are not eligible for various reasons.
As of Jan. 31, there have been 19 Roundup trials concluded before both federal and state courts in California, Missouri, Oregon, and Pennsylvania. In 10 of those trials, the juries reached verdicts in favor of Monsanto. In the other nine trials, the plaintiffs were awarded compensatory damages and a multiple thereof in punitive damages.
Bayer said it believes it has meritorious defenses and intends to vigorously defend the safety of glyphosate and glyphosate-based formulations.