ORLANDO, Fla., May 18, 2020 /PRNewswire/ — Legal-Bay LLC, the Lawsuit Settlement Funding Company, reports that a settlement could be announced soon regarding the numerous Roundup lawsuits filed across the country. According to Legal-Bay’s sources close to the litigation, settlement amounts pertain specifically to plaintiffs who’ve contracted non-Hodgkin lymphoma from their exposure to the Bayer Monsanto product.
In one jury trial, an award of $2 billion was announced against Bayer Monsanto. With 60,000 claims still pending, Bayer is now considering a global settlement to contain potential financial exposure, says Legal-Bay. Precise settlement values are unknown at this time depending on specific injuries. However, the entire litigation is expected to cost Bayer Monsanto close to $10 billion if they decide to resolve the entire class. Due to the overwhelming number of claimants, the settlement process will take a long amount of time for plaintiffs to get their lawsuit cash; although nothing is definite as Bayer Monsanto continues to deny liability at this time.
Chris Janish, CEO of Legal-Bay, commented, “We’re happy to hear that Roundup claims are approaching the final stages of settlement discussions, allowing so many sufferers of NHL to possibly receive justice. The excessive number of cases and discrepancies regarding the actual dangers of the product could’ve dragged this type of litigation out for years. Plaintiffs might not get as much as they had hoped for, but at least they could see some meaningful compensation on the horizon.”
Source: PR Newswire