Bayer Stock Crashes After Monsanto Cancer Verdict Upheld By Judge;
Bayer greedily bought and swallowed the ‘poison pill’ of Monsanto without considering its true liability. The news quickly spread and caused an immediate crash in Bayer’s stock value, sending a powerful message to the Agrochemical industry that they are legally and financially responsible for the adverse effects caused by their unscrupulously marketed products despite receiving a regulatory pass from government agencies like the EPA, USDA, and FDA that have traditionally acted as industry cheerleaders.
The judge decided to reduce the punitive damage award from the original total of $289 million following a verdict reached earlier this summer, down to $78.5 million. A decision which concerned jurors who decided on the higher award amount in order to send a clear message to Monsanto that they deserve to be punished for covering up the dangers of their herbicide.
via GreenMedInfo Bayer Stock Crashes After Monsanto Cancer Verdict Upheld By Judge;