In August of 2018, Bayer, the company that purchased Monsanto, had to pay out $289 million in a landmark lawsuit involving the weedkiller Roundup and its active ingredient glyphosate. This was the first lawsuit to make it to trial, and it resulted in a guilty verdict for the company. Since then, Bayer has faced thousands of additional lawsuits concerning the product and its effects on people’s health. In 2021, Bayer agreed to pay out $10 billion to settle these cases.
The settlement agreement was between Bayer and Onder Law Firm, the legal team that represented more than 125,000 people in the Roundup litigation. Under the terms of the settlement, Bayer will pay $10 billion to settle these cases and an additional $1.25 billion for future claims. The settlement also includes a fund of $4.5 billion to cover potential future claims.
The Latest Roundup Settlement Updates
The settlement agreement is now in its final stages and is expected to be approved by the court soon. Onder Law Firm is currently working with the court and Bayer to finalize the settlement documents. Once the documents are finalized, Onder Law Firm will begin the process of distributing the settlement funds to eligible claimants.
The settlement is structured in a way that provides some claimants with more money than others. Some claimants may receive a lump sum payment, while others may receive payments over a period of time. The amount of money a claimant will receive depends on several factors, including the severity of their illness and their medical expenses.
What Does This Mean for Future Claims?
The settlement agreement also provides a fund of $4.5 billion to cover potential future claims. This fund is designed to provide relief to claimants who were not included in the original settlement. The fund is intended to provide claimants with compensation for their medical expenses and other damages related to their exposure to Roundup.
The settlement also contains provisions to ensure that future claimants will receive a fair and equitable award. These provisions include independent medical review of claims and a standardized approach to evaluating damages. This settlement is a major victory for those who have been affected by the use of Roundup and its active ingredient glyphosate.
What is the Timeline for the Settlement?
The settlement is expected to be approved by the court soon. Once it is approved, Onder Law Firm will begin the process of distributing the settlement funds to eligible claimants. The process is expected to take several months. During this time, claimants can expect to be contacted by Onder Law Firm to discuss the details of their claim.
The settlement is a major victory for those who have been affected by the use of Roundup and its active ingredient glyphosate. It is estimated that the settlement will provide relief to thousands of people who have been affected by the product’s dangerous effects. Furthermore, the settlement provides a fund to cover potential future claims. This is an important step in providing relief to those who have been affected by Roundup and its related products.
Conclusion
The Roundup settlement is a major victory for those who have been affected by this dangerous product. The settlement provides compensation for current claimants and creates a fund to cover potential future claims. Onder Law Firm is currently working with the court and Bayer to finalize the settlement documents. Once the documents are finalized, Onder Law Firm will begin the process of distributing the settlement funds to eligible claimants.
