(Reuters) -Bayer was ordered on Friday to pay $2.25 billion to a Pennsylvania man who said he developed cancer from exposure to the company’s Roundup weedkiller, the man’s attorneys said.
A jury in the Philadelphia Court of Common Pleas found that John McKivision’s non-Hodgkins lymphoma was the result of using Roundup for yard work at his house for a period of several years. The verdict includes $250 million in compensatory damages and $2 billion in punitive damages.
“The jury’s punitive damages award sends a clear message that this multi-national corporation needs top to bottom change,” Tom Kline and Jason Itkin, McKivision’s attorneys, said in a joint statement.
Agreed. I’m just wondering how this even works in practice. Bayer’s total assets are $125bn; If they poisoned ~1000 people, do they sell off all assets to pay the first 62 people and from the 63rd guy on they’re all shit out of luck?
Or is this like those rulings where they give a murderer 6 times life in prison + 327 years (and 3 death sentences)? America has a weird judicial system.
Pretty much that is how it works, yes. Most likely they’d try to pull a J&J and restructure where the debt is given to a subsidiary that then declares bankruptcy. Thankfully that strategy was rejected but they’re still plotting to declare bankruptcy somehow.