Wednesday, May 19, 2021

"Judge raises doubts ahead of hearing on Bayer's $2 bln Roundup settlement deal"

I didn't intend to single-out Reuters in the post immediately below on the media's penchant of calling steam smoke when discussing electric power plants. The practice is very common. Even more egregious is when the photo used is grayscale, making the steam appear black. Very foreboding:

That's a nuke. They don't produce smoke.

Anyhoo, we like journalists, we get some of our best ideas from them.

From Reuters via Nasdaq:

A federal judge on Tuesday questioned why he should approve a $2 billion proposal by Bayer AG BAYGn.DE that would create a framework for resolving future claims that the company's Roundup weedkiller causes cancer, casting doubt a day before a key hearing on the plan.

Bayer and class action attorneys are hoping U.S. District Judge Vince Chhabria in San Francisco will give preliminary approval on Wednesday for a settlement that would create a compensation fund for people who get sick years in the future from exposure to Roundup.

The company has said that decades of studies have shown Roundup and its active ingredient glyphosate do not cause cancer and are safe for human use.

Consumer groups and personal injury lawyers have criticized the plan, which also prevents Roundup users who get non-Hodkin lymphoma from suing for four years and bars them from seeking punitive damages from Bayer....