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Nuclear verdicts are rare in Canada but growing in Australia and other countries, partly due to litigation funding.
The settlement was part of Bayer's strategy to cap Monsanto's liability for future claims alleging Roundup caused non-Hodgkin lymphoma.
Bayer has petitioned a Calif. appeals court to reverse a $2B verdict, stating 'egregious and pervasive misconduct' infected the trial.
Legal experts list a host of reasons for larger jury awards such as the $8 billion Risperdal verdict last week.
Juries are becoming unpredictable. That's changing how companies assess risks around litigation.
A California judge found that Monsanto Co.'s conduct was sufficient to warrant punitive damages of $20 million —four times the compensatory damages.
"This isn't just an insurance problem. General counsel need to understand that ultimately this is all going to come back as costs to their companies."
The pharma group recently hired a star lawyer — but will that lead to a fair settlement?
The verdict marked the third time that a Bay Area jury has held Monsanto's blockbuster herbicide responsible for causing cancer in humans.
Investments in agriculture technology companies are growing, hitting $6.7 billion in the last five years.
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