Monsanto (BAYN GY) announces Roundup class settlement agreement to resolve current and future claims
Importance
Level 1
- Class settlement and the U.S. Supreme Court case are independently necessary and mutually reinforcing elements in multi-pronged strategy to significantly contain the litigation
- Funding of the class totals up to USD 7.25bln; Monsanto will make declining capped annual payments for up to 21 years giving it greater financial certainty.
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