Bayer to pay up to $10.9 billion to settle Monsanto case

BERLIN (AP) — German pharma giant Bayer says it’s paying up to $10.9 billion to settle a lawsuit over subsidiary Monsanto’s weedkiller Roundup. Monsanto has faced numerous lawsuits over claims it causes cancer. In a statement Wednesday, Bayer said it was also paying up $1.22 billion to settle two further cases, one involving PCB in water. The Leverkusen, Germany-based company said the Roundup settlement would “bring closure to approximately 75%” of the current 125,000 filed and unfiled claims. It said the agreement is subject to approval by Judge Vince Chhabria of the U.S. District Court for the Northern District of California.