(Reuters) -Bayer said on Monday its Monsanto unit reached agreements in principle with more than 200 plaintiffs to resolve the so-called Sky Valley Education Center product liability cases related to
Bayer settles Sky Valley cases over chemical PCB
Overview of Bayer's Settlement Agreements
(Reuters) -Bayer said on Monday its Monsanto unit reached agreements in principle with more than 200 plaintiffs to resolve the so-called Sky Valley Education Center product liability cases related to the chemical PCB.
Details of the Settlement
Bayer said in its statement that the terms of the agreements over environmental pollution with PCB, short for polychlorinated biphenyls, were confidential and subject to approval of final settlement agreements by the parties.
Pending Appeals and Previous Verdicts
The cost of the additional settlements was covered by the PCB litigation provision taken in the second quarter, it added.
Previous adverse verdicts in the Sky Valley Education Center litigation were not covered by the deal and remain on appeal, Bayer added.
(Reporting by Ludwig Burger, editing by Rachel More)
