By: Sayer Ji
Bayer greedily bought and swallowed the ‘poison pill’ of Monsanto without considering its true liability. Fifty-seven billion Euros of market cap down the drain later, now their headache is taking on epic proportions…
Growing uncertainty about whether San Francisco Superior Court Judge Suzanne Ramos Bolanos would rule in favor or against Bayer’s appeal of the Monsanto Cancer Verdict were resolved Tuesday morning as the judge upheld the jury’s decision that the glyphosate-based weedkiller (aka Roundup) sold by Monsanto caused a California man’s terminal cancer and that Monsanto intentionally hid its dangers.
The news quickly spread and caused an immediate crash in Bayer’s stock value, sending a powerful message to the Agrochemical industry that they are legally and financially responsible for the adverse effects caused by their unscrupulously marketed products despite receiving a regulatory pass from government agencies like the EPA, USDA, and FDA that have traditionally acted as industry cheerleaders.
The judge decided to reduce the punitive damage award from the original total of $289 million following a verdict reached earlier this summer, down to $78.5 million. A decision which concerned jurors who decided on the higher award amount in order to send a clear message to Monsanto that they deserve to be punished for covering up the dangers of their herbicide.
The good news is that this ruling affirms the company’s liability for causing illness from their product, and opens the door for more lawsuits and stricter regulation of agrochemicals in the future. Ian Hilliker, an analyst at Jefferies LLC in London, estimated in a note to clients that based on a class action lawsuit involving 8,700 plaintiffs believed to have cancer as a result of glyphosate exposure, Monsanto’s liability could reach $800 billion dollars. To put this in perspective, the original Bayer-Monsanto buyout offer was $57 billion dollars. Clearly, this no longer looks like an “asset” to Bayer and its stockholders.
Biggest destruction of capital in German stock market history? #Bayer has lost €57.7bn in market cap mainly driven by its acquisition of #Monsanto. pic.twitter.com/5hFDujAqg3
— Holger Zschaepitz (@Schuldensuehner) October 23, 2018
In the tweet above, a German analyst points out that Bayer’s Monsanto aquisition may have precipitated the largest destruction of market capitalization in German stock market history, standing at about 57.7 billion Euros in losses thus far.
Learn more about Bayer’s history in the video below produced by independent media site Corbet Report:
Note: The case is Johnson v. Monsanto Co., CGC-16-550128, California Superior Court, County of San Francisco (San Francisco).
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The background music is insulting.
Like another stated – They will never pay – they will just go belly up – wait a couple of years, reopen under a different name and sell the same crap under a different brand- It’s ALL about money – the world is overpopulated and big business wants to make trillions while killing us off. Money is the root of ALL evil, and these deadly chemicals have infiltrated EVERY single aspect of our lives. And do you think for one second that this administration – OWNED by big business – will allow this to happen …just wait…
S Walk, not money, but the “Love” of money
So pissed! They dropped the original award amount but upheld the verdict. The legal system is corrupt! That’s when we should walk away from the judicial branches and reform or wreck the judges and lawyers who pull this crap. Wonder/inquire.. any special donations made to this judges “special” projects and or interests lately? Inquiring for the people.
Thank you all for this important information and update. What a challenge we face transforming ourselves, our households, communities, towns and cities toward a simpler, saner, sustainable life style to deal with this collective karma drama. Mindfulness and being active locally, breathing in and out, while each of us is still here…this works..witness that all this info is now becoming widely known. Thanks to all who care and act on behalf of life on earth, and future generations. Compassion and empathy for those two leggeds who suffer, and including all our relatives that share this earth home with us, like the birds, bees, swimmers and four leggeds. Keep faith in healing, justice and transformation. Life matters!
What about the aluminum being put in the atmosphere to control the weather. NOT SCIENCE FICTION. Monsanto is probably involved along with Raytheon. This makes roundup look like a mosquito bite. Geo climate…something…I can’t remember because I am getting dementia from high levels of aluminum in the atmosphere. I am not that old, but forgetting what’s important.
Too bad our US government is stacked with ex-Monsanto executives. The head of the FDA is one. The rabbit hole goes ever so much deeper but this is a start!!
Why can’t you show an informative video like this and not put “scary” music to it? We can use our brains, thank you very much.
Dont have to drink it as they claimed back in the day…it was safe enough to. Non hodgkin’s lymphoma is the cancer that is found in the human body. Monsanto knew years ago what was going and they did nothing! They should be held accountable for holding out info from Bayer..hope i get my money before Bayer gets their’s.
Reminds me of how all the Big Tobacco Companies denied nicotine was addictive, (their own research showed it was, and they hid it) and that smoking did not cause lung cancer, Har bleeding har, as we say in the UK. Just as the manufacturers of asbestos denied the connection between mesotheliomal lung cancer and other lung diseases. Products that carry a risk of dangerous side effects are one thing, but hiding this fact to lessen future liability, and thus depriving users of the opportunity to understand the risk they are taking, is another.
Does that mean it will be taken off the market? It’s everywhere in the stores.
I love those little pink baby aspirin.
esto ya pasa de castaño oscuro Debemos pararlos ya! No hay mas tiempo que perder esto merece una apelación ante la corte de la Haya y la Comisión de derechos Humanos de la ONU no podemos seguir permitiendo que destruyan las bases de la vida con el glifosato y los transgenicos.
Son 300 millones de Kg de glifosato los que se fumigan en el mundo parte de ellos se utilizan como desecantes de nuestros alimentos. Las cantidades de glifosato van a llegar a los oceanos y exterminaran a los productores primarios ( anulación de la ruta del acido shikimico por el glifosato) los océanos producen la mayor cantidad de oxígeno que respiramos son los pulmones de este mundo. Además las tierras cultivadas con transgenicos y glifosato despues de un tiempo quedan inútiles pues el glifosato acaba con las bacterias del suelo las lombrices y atrapa los nutrientes de la tierra pues es un quelante. No podemos permitir mas enfermos mas transgenicos mas uso de glifosato mas produccion y comercializacion de glifosato y otros agroquímicos que solo desestabilizan el equilibrio de las tierras aguas aires y en general el equilibrio dinamico de nuestros ecosistemas . Paremos esto ya antes de que sea demasiado tarde. Biologa Maria Aminta Henrich Nonone
Y ahora la accion es de emprender demandas contra Monsanto hasta ejecutar la destrucción de esa compañía de una manera u otra.
En valle Central de California, miles de Latinos (trabajadores del campo) han sido afectados
y muchos niños han nacido con cánceres muy raros, nuevos y mutantes. O con defectos físicos de por vida. Hasta una película al aspecto se ha hecho “McFarland”
y los padres han tenido que sufrir las perdidas, gastos y consecuencia.
es también tiempo de que ellos obtengan Justicia y compensación.
A smoking gun: In studies I completed in the early 1990s at The American Health Foundation, in Valhalla, NY, I discovered the potential photocarcinogenicity associated with the fluoroquinolone antibiotics. Cipro is one of them and is manufactured by Bayer. The data is published in peer reviewed journals and the FDA was made aware of the liability associated with these drugs. The FDA declined to investigate this serious side effect and the connection to the induction of squamous cell carcinomas in situ in patients exposed to UVA from sunlight while taking these drugs. The least that should have been done was to place a warning label on the drug…….to warn patients to protect against UVA exposure during the time one was taking the drug. The peer reviewed manuscripts are published and available to MDs and to the public. If FDA is not going to pursue this with protective language on a warning label…..well then Bayer should take the lead!
Round up killed our dog it was sprayed ob footpaths to kill the weeds
The original product of Bayer was a headache med with no side effects named heroin. They developed this great pain reliever and denied any side effects.!!!!
Bayer, historically, hasn’t really cared for human life any way. At least back when it was I.G. Farben. I.G. Farben was big into Zyklon B
Took long enough. Jeez! Stamets has a way better model for pesticides anyways. Roundup is old paradigm.
Drink a glass of it? Nevermind…
My guess is that the producers of this poison..work hand in hand with the people in Big Pharma..like they did when joining forces back in the 1920’s..to demonise the cannabis plant.
What about the armaments producing countries…they don’t give a damn..as long as they continue to get filthy rich..and thus contain POWER..corrupting anything and anyone that stands in their way..
In my opinion..BOYCOTT is not only the best tool..but also an obligation
They will never own up to it. They have made trillions in profits from the use of their magic potions! Don’t be silly! They have fed poision to people for years just to prescribe another poison to counteract the first. Originally tested humans in death camps! And the globalist elite like George Soros continue their web of lies to eventually get humans in death camps for experiments once again! They own countries! Good luck.
At what point do we hold the FDA, EPA, and USDA responsible for their collusion?
I fought a 20 year Federal Lawsuit against their chemical PCB that killed my parents, pets hurt my kids and destroyed my business. I never got a trial the defendant won a series of “Summary Judgements” after spending my house, assets, credit fighting them.
Glyphosate causes cancer..this ones going to be hard to swallow but EVERY SINGLE VACCINE has tested POSITIVE FOR GLYPHOSATE..not just a little..a lot..google the professor who conducted the tests at 5 independent labs and ran the tests many times..same results. ???
Cheerios too. Over 1100ppm of the stuff. People everywhere in the US routinely feed it to infants.
No matter how much “good” the product has done….they hid the dangers…..that’s EVIL.
What about the dead and dying Veterans exposed to Agent Orange? My Beloved Husband died at age 67 from cancer. Is it just the price Heroes pay for their Service in Viet Nam? His Grandchildren are devastated. I am beyond devastation…God Damn the greedy, lying, murdering Military Industrial Complex and the chicken shit investors. Hell will be so full they’ll have to open Phase Two.
I hurt for you and your family, just wanted you to know that. I’m a vietnam era vet stationed in Seoul South korea, and DID NOT EXPERIENCE agent orange. However, approximately 9 years after my ETS from military duty, I developed a rare tumor in my knuckle of my right hand, and under went a bone marrow transplant from my hip. Drs. At U.C Davis didn’t know how or why, but just that it could kill me. I’m still a little scared when it starts hurting..people will never understand until it infiltrates their circle unfortunately. But they are falling down brick by brick, only to use the bricks for new ovens when they arrive in hell, and they will. Sorry I took your time, I just felt a connection. Love you and your precious family. DAN VERDUGO, TEHAMA CA.
Somewhere in Hell, there is a closet full of hand baskets.
I am suffering to from it. I wish i had the money to fight them
Shhhhh, listen carefully globalists, your evil empire is starting to crumble. Monsanto is only the beginning, one down, many to go………
A corrupt Congress is going to indemnify them.
Death to Monsanto and Bayer the old Nazi company from world war 2.
Weeds grow in unhealthy soil to restore balance or as invaders to cover newly cleared land.
To grow crops where there are weeds indicates growing crops on poor soil producing an inferior product.
What do i do with my three boxes of. Fiber one. And have been eating for years my wife, who also ate fiber one has just passed after 67 years of marriage from cancer. Please let me know if I have recourses.
This could be the saddest day in the world for most people… If I was Monsanto I’d say, “Fuck you all… starve to death!” The two lawyers there made a huge contingency fee (probably around $25 million) and little wonder they are smiling.
Nonsense. You must be a paid shill for Monsanto.
…….the Bayer executive said, as he ate his bowl of organic granola.
Writing BS here, just like that, isn’t helping anyone anything. Educate yourself.
Dryden You must be an investor of Monsanto…. Aha ha ha ha.
Monsanto has been working ever so hard to kill us off that they got a bit to big for their britches. About time they got a bit if their own poison
Well said Dawn
My dog died from lymphoma due to my landlord infecting our yard to where everything is toxic with roundup. He laid in the grass, ate the grass, drank out of the mud puddles, loved rocks. By the time I found out he was in stage three and I had to lose him. He was my four legged child and I am sick over losing him, we were always together and I have lost and this is another law case to add to their payback!
I have been spraying roundup for the past 25 + years, no mask, no boots, must have to drink it.
By the way the web site of this Sir http://www.systomebiomed.com/, doesnt work?!?!?!? Strange….probaly works for DOW CHEMICAL. Cause they dont sold glifosat. ups they also do..
Do you really think that BAYER will pay? they dont have the money, and they are Germans. You should ask for responsability to FDA, USDA, and EPA. Bayer could just close the company, and send thousands to unemployment… its easyer to lost $57bill then $800bill… stupid to think other way… sorry but is just the way world goes… And by the way, if we dont use this product, world starving whould break… its funny that people just dont think how their food gets to the table.. probally think that is produced by smartphones…
There is more than enough food produced to feed rge world. Bees and insects are dying from pesticides. This is what will cause starvation. No insects to pollinate our food.
Modern people don’t see reality connection anymore. Yes, their cell phone will provide the answer. It, flip a switch an some type of reaction roll fix the problem. The evil company behind the miraculous product(s) must pay for any bad side effects for my comfort. Evil profiteers!
For the first time in world history we have a larger health problem of people having too many calories rather than mass starvation and malnourishment. Let’s destroy the evil profit incentives that have led to this terrible excess which has caused spikes in obesity health problems. Abundance and plenty must be contained!
And 40,000 children die every day of hunger and thirst. You must live in a different world. Shill.
So you think they are the only company that make this product trust me there’s others and with safer elements so you’re the one that don’t think smdh
You DO know that Monsanto is responsible for genetically modified seeds – the corn, wheat, grains – all GMO. Children have more allergies, are more prone to obesity, have more instances of autism. Monsanto produced Agent Orange, Agent White, Agent Pink, Agent Green and the Veterans Administration still refuses to treat or compensate military from Korea, Vietnam, Ft. McClellan, the AF planes that STILL have agent orange in the interiors of planes used to deliver Agent Orange to East Asia during the war – the PCBs and PCE’s and benzine in the water delivered by Monsanto to US Marine Bases causing holes in the back of hearts – VA still not treating or compensating – – – and then there is round up – a watered down version of Agent Orange. What price is your life worth when you have so many cancers and the least they should be forced to do it to pay for the hundreds of thousands of people who served, and the birth defects to children and grandchildren. The VA and Congress just tell us it is too costly to treat all of us.
that happen when you are a greedy corporation and scrupulous to take over a criminal laboratory, you have to feel the consequence of it of not having more competence, just cutting your head off by greed.
Live by Monsanto , Die by Monsanto .
For it is written , As you sow so shall you reap .