Sept 15 (Reuters) - Bayer AG has settled
thousands of U.S. Roundup weed killer lawsuits as part of an $11
billion settlement, reaching deals with the only lawyers who
took cases to trial over allegations the herbicide caused
In letters filed with U.S. District Court in San Francisco
late on Monday, three lawyers said they had reached binding
settlements of their cases.
The settlements covered 15,000 lawsuits, according to an
attorney familiar with the talks. Bayer has estimated it faces
125,000 filed and unfiled claims over Roundup.
Bayer did not immediately respond to a request for comment.
The terms of the settlements were not disclosed in the
letters filed by plaintiffs' attorneys Brent Wisner, Jennifer
Moore and Aimee Wagstaff. As a result of the agreements, all law
firms that have taken cases to trial have settled with Bayer.
Wisner and Wagstaff are members of the executive committee
of attorneys who are leading the class action against Bayer.
Shares of Bayer rose about 2.8% at 56.83 euros on Tuesday.
In August, Bayer's stock fell 3% after it said there were
"bumps" in talks to seal the $11 billion settlement of the
Roundup cases and the judge overseeing the case, Vince Chhabria,
threatened to restart the litigation.
Bayer in June struck an agreement on about 75% of the
125,000 claims stemming from its $63 billion takeover of seed
and chemical company Monsanto in 2018.
Chhabria raised concerns in July over the plan to create an
independent panel of scientists to assess whether
glyphosate-based weedkillers such as Roundup caused cancer,
delaying a key part of the proposed settlement.
The parties are expected to return to Chhabria's court on
Sept. 24 to discuss next steps.
(Reporting by Tom Hals in Wilmington, Delaware; Editing by