BAYZF - Bayer's Monsanto Scores Legal Victory as $185M Verdict Overturned | Benzinga
Bayer AG’s (OTC:BAYRY) (OTC:BAYZF) Monsanto unit secured a significant victory. A Washington state appeals court overturned a $185 million verdict against the company over chemical contamination at a Seattle-area school.
This marks the second major legal win for the company in recent weeks. The original lawsuit, brought by three teachers who claimed they suffered brain damage from exposure to now-banned chemicals called polychlorinated biphenyls (PCBs), dates back to 2021 when Monsanto spinoff Pharmacia was found liable.
The state Court of Appeals ruled that the lower court improperly applied Missouri laws, where Monsanto is based, Reuters highlights, allowing the claims to be filed decades after the company ceased PCB ...