Bayer executives, in an annual general meeting, indicated that the company is currently facing Roundup lawsuits brought by more than 52,000 plaintiffs.
The general meeting also had a shareholder vote, during which the executives informed the investors that the ongoing pandemic crisis slowed Roundup settlement negotiations, as the company is facing economic challenges resulting from the outbreak and due to difficulties caused by social distancing procedures.
The company, following substantial pressure from shareholders to negotiate settlements for Roundup claims, engaged in a court-ordered mediation process with lawyers nationwide.
Mediator attorney Kenneth Feinberg, appointed by the court, is overseeing the controversial lawsuit. Ken Feinberg has overseen some of the largest mass-tort settlements in recent years, which includes funds to pay claims related to the BP oil spill, Volkswagen emissions scandal, General Motors ignition switch recall, and September 11th Victim Compensation fund.
U.S. District Judge Vince Chhabria is presiding overall the federal multidistrict litigation (MDL No. 2741; In Re: Roundup Products Liability Litigation) in the Northern District of California.