Bayer Down on Verdict to Pay $2.1B to Plaintiff in Roundup Litigation

Shares of pharma conglomerate Bayer (BAYRY) were down 7.1% on March 24, following a setback in the ongoing Roundup Litigation.Bayer reported that, on March 21, the jury at the Barnes Roundup trial in the State Court of Cobb County, Georgia, reached a verdict in favor of the plaintiff.Bayer has been ordered by the jury to pay $2.1 billion to the plaintiff ($2 billion in punitive damages and $65 million in compensatory damages).However, the company disagreed with the jury’s verdict.In the past year, shares of ...