Bayer Monsanto Considers $10 Billion Settlement for Roundup Victims
Attorneys and Clients Nationwide Prepare for Payouts
Bayer Monsanto has been making progress in settlement talks since January 2020. In May, the company reached a verbal deal to settle up to 85,000 cancer lawsuits. While the Covid-19 pandemic has slowed things down and nothing has been signed, clients and attorneys across the United States are anticipating payouts ranging from a few thousand dollars per plaintiff to a few million, depending on the case.
Why Bayer Monsanto Wants to Settle
The German company, Bayer, purchased Monsanto for $63 billion in June 2018, and promptly lost $39 billion of its market value. Claims linking Roundup weed killer to non-Hodgkin’s lymphoma caused the company’s shares to drop about 40%, and Bayer has already been hit with major lawsuits and ordered to pay billions of dollars in damages. With a total of 85,000 lawsuits filed and served and many more on the horizon, Bayer Monsanto has been eyeing a nationwide settlement. So far, the company has reserved $8 billion to resolve all current cases and $2 billion to cover future suits from plaintiffs claiming its controversial herbicide caused their non-Hodgkin’s lymphoma.
What This Means for You and Your Clients
If you are involved in Roundup litigation for clients with non-Hodgkin’s lymphoma, you could expect a settlement offer from Bayer Monsanto relatively soon. While some attorneys are holding out for larger payouts, most are preparing to accept the company’s offer.
Whether you have multiple clients expecting a few thousand dollars or a few clients expecting million-dollar payouts, you should have a plan for your contingency fees. Structures offers tax-advantaged settlement solutions that can help you make the most of your settlement.
Explore Our Market-Based Options
Structures has several market-based programs for lawyers and claimants seeking the reliability of a structured settlement with market-based returns. We encourage you to consider them as you develop your settlement plans.
Our proprietary Fee Structure Plus® program allows you to defer income tax, grow your asset with the diversification of funds, and schedule periodic payments to meet your individual needs.
Similarly, our claimant-focused Settlements Plus™ program can help your clients make the most of their settlement payments, especially in physical injury cases such as this one.
You may have begun your financial planning already, but we encourage you to consider incorporating our programs into your structured settlement. If you’re just getting started, we’d also love to give you more information about our comprehensive settlement solutions.
No matter where you are at in the process, please give us a call at (844) 382-8358 or contact us online to find out how to make the most of your Roundup settlement.