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Bloomberg· 2025-06-30 14:00
The US Supreme Court is seeking the Trump administration’s view on whether to hear Bayer’s appeal of a $1.25 million verdict over its top-selling Roundup weedkiller https://t.co/tayxXYzkbw ...
Court Approves $38M Cash Settlement Against Bayer AG in Hard-Fought Securities Class Action
GlobeNewswire News Room· 2025-06-27 19:51
Core Points - A federal judge in California granted preliminary approval for a $38 million cash settlement between several pension funds and Bayer AG to resolve a securities class action lawsuit [1] - The lawsuit, originally filed in 2020, relates to Bayer's acquisition of Monsanto in 2018 and allegations of misleading statements regarding the risks associated with Roundup, a glyphosate-based herbicide [2] - The settlement aims to provide closure to a significant case concerning the adequacy of disclosures in corporate mergers and reaffirms the rights of investors purchasing American Depositary Receipts (ADRs) under U.S. securities laws [3] Legal Proceedings - The case has involved nearly five years of litigation, with a focus on the transparency of disclosures related to due diligence in high-profile mergers [3] - In May 2023, the court granted class certification, appointing specific pension funds as class representatives and affirming the rights of ADR purchasers in the over-the-counter market [5] - The discovery process was complex, requiring international cooperation and legal proceedings under the Hague Convention to obtain testimony from Bayer's former general counsel in Germany [6] Implications for Investors - The settlement is seen as a significant resolution for investors in publicly traded foreign companies, ensuring accountability under U.S. securities laws [4] - The case highlights the enforceable rights of ADR investors, particularly in light of the court's ruling on the extraterritoriality issue [5]
Scotts Miracle-Gro (SMG) FY Earnings Call Presentation
2025-06-05 14:27
William Blair 45th Annual Growth Stock Conference June 5, 2025 1 Safe Harbor Disclosure Statements contained in this presentation which address activities, events and developments that the Company expects or anticipates will or may occur in the future, including, but not limited to, information regarding the future economic performance and financial condition of the Company, the plans and objectives of the Company's management, and the Company's assumptions regarding such performance and plans are "forward- ...
拜耳寻求就除草剂致癌案达成和解 并探讨让子公司孟山都破产
news flash· 2025-05-16 05:44
Core Viewpoint - Bayer is preparing a plan to reach a settlement regarding the large-scale lawsuits related to the carcinogenicity of its herbicide "Roundup" in Missouri, and if the settlement fails, the company may consider filing for bankruptcy for its subsidiary Monsanto [1] Group 1 - Bayer has already paid approximately $10 billion to resolve disputes concerning the carcinogenic claims associated with "Roundup" [1]