A judge on Monday affirmed a verdict against Monsanto that found its weed-killers responsible for a man’s terminal cancer, sending the German company’s shares down 8 percent.
This affirmation, on top of the August 10th verdict, wiped out 10 percent of the value of the company and marked the first decision of this sort against Monsanto. The company now faces more than 8,000 similar lawsuits in the United States.
A jury found the company’s glyphosate-based weed-killers, including RoundUp and Ranger Pro, had caused a school groundskeeper’s cancer and that the company failed to warn consumers about the risks.
The groundskeeper Dewayne Johnson’s case, filed in 2016, was fast-tracked for trial because of the severity of his non-Hodgkin’s lymphoma, that was caused by years of glyphosate exposure from Monsanto weed-killer.