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Johnson has terminal non-Hodgkin’s lymphoma that he alleges was caused by the herbicides. A judge later reduced the award to $78 million. Bayer denies that glyphosate causes cancer and says decades of scientific studies and real-world use have shown the chemical to be safe for human use. The company is appealing the findings. The number of glyphosate cases that Bayer faces across the United States has jumped to more than 8,700, prompting concerns among investors about the impact of litigation costs on Bayer’s bottom line.
Baumann expressed confidence that Bayer could handle the litigation, and cited its “inexpensive” $12 million settlement of 4,000 lawsuits over its contraceptive Mirena device, Bayer also won five of six trials over its best-selling bloodthinner Xarelto, over 18k gold cufflinks which it faces 24,000 U.S, lawsuits, The sixth jury found in favor of a plaintiff, but a judge later overturned the decision, “Due to our exposure as a pharmaceutical company, we have the experience to defend those (glyphosate) cases,” he said..
Baumann said the company’s legal strategy had been revised following the integration of Bayer and Monsanto in mid-August. He declined to provide details, but recent court filings reveal some of the steps the company has taken. Last week, Bayer added the attorneys from law firm Arnold & Portner who won the Xarelto cases for the company to its glyphosate defense team. It is also trying to change the juror selection process for upcoming trials. In filings last week in San Francisco federal court, where a new glyphosate trial is scheduled to begin on Feb. 25, 2019, Bayer said the “jury pool likely has grown more hostile” due to negative media coverage following the Johnson verdict.
Michael Miller, one of the attorneys for the plaintiff, said the company’s claims were “hypocritical beyond belief” given its own efforts to control the message on glyphosate, most recently in a full-page advertisement in the Washington Post, Bayer has asked U.S, District Judge Vince Chhabria, who is overseeing the San Francisco case and some 580 others, to significantly expand the jury pool and question prospective jurors about their knowledge of the media coverage of the cases, Chhabria is expected to decide 18k gold cufflinks on the requests in December..
(This October 31 story has been refiled to add dropped word in paragraph 16). By Ju-min Park and Heekyong Yang. SEOUL (Reuters) - For Hyundai, the South Korean conglomerate, North Korea has been a story of lost opportunities – and tragedy. In 2003, months before Hyundai was set to open an industrial complex in North Korea, the executive behind the project committed suicide amid accusations his company had made a secret $500 million payment to the North. Five years later, a Hyundai-run resort in the North was closed after a North Korean soldier shot a South Korean tourist.
Both projects have long been shuttered, symbolizing the difficulties South Korean companies have had doing business across the border, But, emboldened by a thawing of relations on the Korean peninsula and attracted by its promise of cheap labor and untapped growth, Hyundai is again preparing to return to North Korea, Hyundai executives and investors are encouraged by a pledge by Seoul and Pyongyang to re-open the Kaesong industrial park and the Mt, Kumgang resort as part of a 18k gold cufflinks warming in ties between the neighbors..
International sanctions over the North’s nuclear weapons program make it unclear how quickly investments can resume. But executives and investors are betting Hyundai stands to benefit the most from any peace dividend on the Korean peninsula. “We have invested a lot for a long time, and have a solid and wide network and business rights there,” said Baek Cheon-ho, a senior executive at Hyundai Asan, the subsidiary that managed the Kaesong and Mt. Kumgang projects. “Combining all that, Hyundai will eventually be better off in North Korea.”.
For Korea Inc, struggling with high labor costs and slowing growth, North Korea’s cheap labor, vast resources and huge growth potential represent an unmissable opportunity, Baek and several business executives told Reuters, For Hyundai and its ruling family, North Korea also has symbolic importance, Founder Chung Ju-yung was born to a peasant family in Asan, North Korea and named the subsidiary to handle the group’s enterprises after 18k gold cufflinks his birthplace, “We’re doing this not only for Hyundai, but for the greater good of all South Korean companies,” Baek said, “If we restart our North Korea businesses, there will be many new jobs for us, but also for a number of other firms working with us.”..