The US appeals court has reduced the punitive damages Monsanto has to pay victims of its Roundup weedkiller from $80 to $25,27 million.
The US Supreme Court is obliged to retain punitive to compensatory damages in a 9-to-1 ratio.
In March, a court in California awarded Edwin Haderman the sum of $80 million, as his exposure to Roundup caused him to suffer from non-Hodgkin’s lymphoma. Edwin Hardeman was diagnosed with non-Hodgkin’s lymphoma in 2014.
Bayer insists that Roundup is safe for human use and is not carcinogenic, contradicting a 2015 World Health Organization report that concludes the opposite.
In 2018, Monsanto was taken over by Germany’s Bayer for $63bn.
The company inherits 13,400 plaintiffs who are suing Monsanto over the glyphosate-based weed-killer Roundup, which had been a best-seller since the 1970s. Roundup is now responsible for the freefall of Bayern’s stock value. Since August 2018, Bayer has seen €30bn wiped off its market value.