Bayer Accused of Deception, to Face a Billion Dollar Class Action

Bayer’s takeover of US seed manufacturer ‘Monsanto’ suffers from legacy of a large number of law suits of more than 250 institutional investors linked to weed killer ‘Roundup’ and faces a $1.13 Billion class action in Germany. It is alleged that, Bayer deceived shareholders about the risks of thousands of pending lawsuits, by Roundup users because of the alleged carcinogenic effect of the drug.