A court has reduced the amount Bayer BAYN 1.46%increase; green up pointing triangle-owned Monsanto must pay in a recent case linked to Roundup by about 82%, or nearly $1.9 billion, easing the latest cost in the company’s drawn-out legal battle related to the weedkiller.
Monsanto will now be required to pay $350 million in punitive damages and just over $50 million in compensatory damages, according to court documents released on Tuesday. The company was originally ordered earlier this year to pay $2.25 billion in damages by a Philadelphia court.
Source: WSJ