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Bayer Shares Plunge After U.S. Legal Setback.

Authors :
Calatayud, AdriĆ 
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]

Details

Language :
English
Database :
Academic Search Index
Journal :
Wall Street Journal - Online Edition
Publication Type :
News
Accession number :
180167896