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New wave of lawsuits with Bayer… but this time by the shareholders. Finally, those who invest do their job

A new wave of lawsuits is being prepared against Bayer, again for the glyphosate, but this time not by the end users, who complain about the damage to health. Now it is the turn of the shareholders of the company, especially those preceding the acquisition of Monsanto which brought the well-known pesticide and all the related lawsuits as a dowry.

As Handelsblatt reports, numerous actions by the German company have filed a lawsuit against Bayer's board of directors accusing it of ignoring legal risks during the Monsanto acquisition, thereby violating statutory obligations for directors.

The first two actions have already been received by the Cologne regional court. One of the plaintiffs is US investment firm Kingstown, represented by the Berlin law firm Hausfeld. The reimbursement requested is equal to 37 million euros for the damage he is said to have suffered as a shareholder as a result of the various lawsuits, lost, in the USA, against the plaintiffs for damages from glyphosate. Handelsbatt says queta isn't the only lawsuit filed by angry shareholders.

Glofosate was used in the well-known Monsanto herbicide “Roundup” which in the USA has been at the center of tens of thousands of lawsuits for the damages related to its use, as well as for incorrect advertising and false labeling. The repayments have been very heavy and have led to a drop in the share value of the order of 60% since the purchase of Monsanto for 66 billion dollars was decided.

The management of multinationals thinks in terms of dimensional growth, without considering the repercussions on profits. On the contrary, shareholders rightly think in terms of profits. So it is right that, finally, the shareholders do their job of control and do not follow the management like sheep.


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The article New wave of lawsuits with Bayer… but this time by the shareholders. Finally, those who invest do their jobs come from ScenariEconomici.it .


This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/nuova-ondata-di-cause-con-bayer-ma-stavolta-dagli-azionisti-finalmente-chi-investe-fa-il-proprio-lavoro/ on Wed, 27 Jan 2021 11:28:55 +0000.