US Judge Affirms Monsanto Weed-Killer Verdict, Slashes Damages

(From Reuters)

A U.S. judge on Monday affirmed a verdict against Bayer AG (BAYGn.DE) unit Monsanto that found its glyphosate-based weed-killers responsible for a man’s terminal cancer, sending the German company’s shares down 8 percent.

In a ruling by San Francisco’s Superior Court of California, Judge Suzanne Bolanos said she would slash the punitive damages award to $39 million from $250 million if lawyers for school groundskeeper Dewayne Johnson agreed.

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