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Bayer Shares Plunge After U.S. Legal Setback.
- Source :
-
Wall Street Journal - Online Edition . 10/10/2024, pN.PAG-N.PAG. 1p. - Publication Year :
- 2024
-
Abstract
- Bayer's shares have experienced a significant decrease after the Washington Supreme Court agreed to review a case involving allegations of chemical contamination at a school. The court's decision overturns a previous ruling that ordered Bayer's Monsanto to pay $185 million to plaintiffs who claimed injuries from exposure to polychlorinated biphenyls (PCBs). The review also includes consideration of whether punitive damages should have been awarded. This setback highlights the challenges Bayer faces in fighting legal cases related to its acquisition of Monsanto while attempting to reduce debt and restructure its organization. [Extracted from the article]
- Subjects :
- *STOCK prices
*LEGAL judgments
*APPELLATE courts
*INVESTORS
*EXEMPLARY damages
Subjects
Details
- Language :
- English
- Database :
- Academic Search Index
- Journal :
- Wall Street Journal - Online Edition
- Publication Type :
- News
- Accession number :
- 180167896