Bayer Hit by New Roundup Legal Jitters -- Market Talk

Dow Jones06-02

1122 GMT - Bayer is dealing with jitters over its proposed Roundup settlement amid a potential shift of the class action to a federal court, Bank of America analysts say in a research note. The panel of judges who control and have power over multidistrict litigation transferred the class action to the Northern California federal court under Judge Vince Chhabria, who has been negative on the settlement in a recent hearing and rejected Bayer's attempt to settle the Roundup litigation in 2020, the analysts say. There is some debate on the validity of the decision, which the German group plans to oppose, and it is unclear how timelines evolve from here, they add. Investors might debate whether the settlement still holds, according to Bank of America. Shares in Bayer fall 5%. (adria.calatayud@wsj.com)

 

(END) Dow Jones Newswires

June 02, 2026 07:22 ET (11:22 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment