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by tyrfing 1436 days ago
Not really, 10B just isn't very much. 95,000 cases are being settled for $25-250k a person, where individual cases are 9 digit awards and only require convincing a jury. 100, max 1000, out of those 95,000 people getting awards at jury trials is enough to make that cheaper. It'll be interesting to see what/if 3M settles earplug liability for. Talc powder liability has already cost JNJ over 5 billion, and that's with the Texas two-step.

Also, there's this:

> Part of the $1.25 billion will be used to establish an independent expert panel to resolve two critical questions about glyphosate: Does it cause cancer, and if so, what is the minimum dosage or exposure level that is dangerous?

> If the panel concludes that glyphosate is a carcinogen, Bayer will not be able to argue otherwise in future cases — and if the experts reach the opposite conclusion, the class action’s lawyers will be similarly bound.

1 comments

I believe they mean it's a lot of money to the company, not the plaintiffs. $10B is a lot of money to any company. You should see what Chevron has been doing to Steven Donziger for winning the $9.5B case against them for massively polluting the Amazon.
> The tribunal unanimously held that a $9.5 billion pollution judgment by Ecuador’s Supreme Court against Chevron “was procured through fraud, bribery and corruption and was based on claims that had been already settled and released by the Republic of Ecuador years earlier.”

That case?

Bayer settled the class action for 3 orders of magnitude less than some jury awards. They don't have to believe it causes cancer, just that a low percentage of juries can be convinced that making Bayer pay up is a good idea. Straightforward math. They still have 10s of thousands of other court cases to deal with, too.

They put him under house arrest and Chevron appointed their own judge in the case. It was all kinds of messed. That's just how powerful oil companies are. I mean, there's no question they've polluted to a massive degree in the Amazon.

https://en.wikipedia.org/wiki/Steven_Donziger