Investing.com -- Bayer (OTC: BAYRY ), the German agricultural and pharmaceutical group, has been ordered by a Georgia state court to pay $2.1 billion in a case involving its Roundup weedkiller.
The verdict was reached on Friday by a jury in the State Court of Cobb County, Georgia.
The financial penalty includes $2 billion in punitive damages and $65 million in compensatory damages. The lawsuit was brought against Bayer by a plaintiff who won the case in the court.
In response to the verdict, Bayer stated its disagreement. The company asserted that the jury’s decision contradicts the vast majority of scientific evidence and the viewpoints of regulatory bodies and their scientific assessments around the globe.
Bayer expressed its belief in having strong arguments for an appeal, with the aim of overturning the verdict. The company also seeks to either eliminate or reduce the punitive and compensatory damages, which it views as excessive and unconstitutional.
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