Monsanto (now part of Bayer)
Agrochemical giant bought by Bayer in 2018; sued hundreds of farmers over patented seed; Roundup cancer claims cost $8.8B-$9.6B to settle
Company· Missouri · in the record since Feb 2016
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● confirmed by a primary document · ○ reported
● confirmed by a primary document · ○ reported
Ownership
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Bayer completed its acquisition of Monsanto on June 7, 2018, becoming its sole owner and paying shareholders $128 per share.100%
1 source
- Bayer closes Monsanto acquisitionDocument
Shares in the U.S. company will no longer be traded on the New York Stock Exchange, with Bayer now the sole owner of Monsanto Company. Monsanto shareholders are being paid 128 U.S. dollars per share.
Figures
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Bayer agreed in June 2020 to pay $8.8 billion to $9.6 billion to resolve current Roundup cancer litigation against Monsanto, plus $1.25 billion for potential future claims.$8.8B
1 source
- Bayer announces agreements to resolve major legacy Monsanto litigationDocument
The company will make a payment of $8.8 billion to $9.6 billion to resolve the current Roundup™ litigation, including an allowance expected to cover unresolved claims, and $1.25 billion to support a separate class agreement to address potential future litigation.
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Bayer agreed to pay about $650 million to a class of local governments over Monsanto PCB water contamination, plus about $170 million to the attorneys general of New Mexico, Washington and D.C.$650M
1 source
- Bayer announces agreements to resolve major legacy Monsanto litigationDocumentResolution of PCB litigation
Bayer will pay a total of approximately $650 million to the class, which will be subject to court approval.
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Bayer agreed to pay up to $400 million to settle dicamba drift crop-damage litigation over Monsanto's herbicide.$400M
1 source
- Bayer announces agreements to resolve major legacy Monsanto litigationDocumentResolution of dicamba litigation
The company will pay up to a total of $400 million to resolve the multi-district litigation pending in the U.S. District Court for the Eastern District of Missouri and claims for the 2015-2020 crop years.
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Monsanto agreed to pay an $80 million SEC penalty in 2016 to settle charges it misstated earnings tied to Roundup rebates.$80M
2 sources
- SEC press release 2016-25: Monsanto Paying $80 Million Penalty for Accounting ViolationsDocumentOpening paragraph
The Securities and Exchange Commission today announced that St. Louis-based agribusiness Monsanto Company agreed to pay an $80 million penalty and retain an independent compliance consultant to settle charges that it violated accounting rules and misstated company earnings as it pertained to its flagship product Roundup.
- Monsanto Paying $80 Million Penalty for Accounting ViolationsDocument
Monsanto Paying $80 Million Penalty for Accounting Violations PRESS RELEASE Monsanto Paying $80 Million Penalty for Accounting Violations FOR IMMEDIATE RELEASE 2016-25 Washington D.C., Feb. 9, 2016
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By the end of 2012 Monsanto had filed 142 seed-patent infringement lawsuits involving 410 farmers and won 72 judgments worth about $23.5 million, according to the Center for Food Safety.$23.5M
1 source
- Investigate Midwest
They didn’t do any mafia-like things to me … but when i hear what they’ve done, I consider it inappropriate.” The Center for Food Safety, a Washington group that has persistently criticized Monsanto’s enforcement of its patent rights , reports that as of the end of 2012 Monsanto had filed 142 seed patent infringement lawsuits affecting 410 farmers and 56 small farm businesses in 27 states. Monsanto won 72 judgments for about $23.5 million.