Bayer AG on Wednesday agreed to a settlement of up to $2 billion to resolve any future claims against Monstano’s Roundup.
The settlement will be set up in the form of a fund with an initial four-year program. Qualified consumers will be compensated through the fund. Consumers will also receive notice and diagnostic assistance and free legal aid if they have suffered injuries related to Roundup exposure.
The settlement applies to consumers who have not yet filed suit.
Bayer previously announced a $10.9 billion deal to settle the 150,000 claims already filed against the manufacturer.
Monsanto will be required to add public information about Roundup and the product’s link to non-Hodgkin’s lymphoma to product labels – the company has submitted this label modification to the Environmental Protection Agency (EPA) for approval.
For questions or inquiries about settlement, please contact an attorney at TorHoerman Law.