Monsanto was acquired last June by Bayer, a chemical corporation whose chairperson was found guilty of crimes against humanity during the post-Nazi-era Nuremberg trials.
In the decades that followed, Bayer (formerly IG Farben) found a way to turn its deadly chemical weapons into pesticides, herbicides, chemotherapy drugs and pharmaceuticals. Its acquisition of Monsanto cemented Bayer’s dominance in the agriculture sector, allowing the company to earn tens of billions of dollars a year by poisoning the global food supply with a deadly, cancer-causing chemical known as glyphosate — sold as “Roundup” under the Monsanto brand name.
Now, a third court case has ruled that Monsanto’s toxic weed killer caused cancer among those who used it. In this case, a California jury has returned an astonishing $2 billion award for the plaintiffs who say Roundup caused their cancers. “Bayer AG was ordered to pay more than $2 billion in damages to a California couple that claimed they got cancer as a result of using its Roundup weedkiller for about three decades,” reports Bloomberg.com.
It’s one of the largest jury awards ever recorded in the history of humanity, and it shows that Bayer is now facing “financial annihilation” because there are over 13,000 additional lawsuits pending.
If 10,000 lawsuits each result in a jury award of just $100 million — the low side of awards so far — this would cost Bayer $1 trillion, plunging the evil corporation into financial ruin.
Since acquiring Monsanto, Bayer’s share price has plunged more than 40 percent, meaning the chemical giant has already lost tens of billions of dollars in market capitalization. Since Bayer inherited all of Monsanto’s liabilities when it acquired the company — and because Roundup has been in use by the public for over three decades — Bayer could face at least another decade of lawsuits that add up to multiple trillions of dollars in damages.
“The company has got to come to the table with a viable plan to resolve these cases, or the losses are going to mount,” attorney Micah Dortch told Bloomberg.com. Dortch is part of a law firm that has filed many cases against Monsanto / Bayer, claiming damage from glyphosate exposure. “This outcome should make Monsanto realize the seriousness of these claims and how a jury perceives the evidence.”
Ironically, Monsanto isn’t just toxic to the human food supply and the environment at large; it’s also toxic to Bayer’s shareholders. Then again, if they’re invested in evil corporations, they probably deserve to lose their investments anyway.