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Bayer’s (OTCPK:BAYZF) (OTCPK:BAYRY) American depositary receipts on Monday fell as a lot as 6.3% after a jury ordered the maker of medicine and chemical compounds to pay $2.25 billion in damages in its ongoing litigation over Roundup weedkiller.
The jury in a Philadelphia courtroom on Friday sided with a plaintiff who claimed he developed most cancers from being uncovered to the herbicide, which incorporates the chemical glyphosate. Bayer (OTCPK:BAYZF) (OTCPK:BAYRY) was ordered pay $250 million in compensatory damages and $2 billion in punitive damages.
Bayer (OTCPK:BAYZF) (OTCPK:BAYRY) plans to attraction the choice.
