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Bayer Shares Slump After $2 Billion Verdict in Latest Roundup Weed Killer Trial

Martin Baccardax

shares slumped to a near seven-year low Tuesday after a jury in California awarded more than $2 billion to a pair of plaintiffs who said the chemicals group's Roundup weed killer caused them to contract cancer. Alva and Alberta Pilliod were awarded $2 billion in punitive damages and $55 million in compensatory relief from the jury in Alameda County Superior Court in Oakland, California, the the third such ruling against the group linked to the weedkiller taken on from its $63 billion takeover of Monsanto. In the ruling, which Bayer described as "disappointing", the jury found that Roundup was defectively designed and that the company failed to warn users of its potential dangers.