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HEALTHCARE: Bayer (BAYNGR: Baa2 neg/BBB): PCB Case Review

HEALTHCARE
  • Negative: We understand that the Washington Appeals Court has accepted an appeal to review the case involving 3 teachers who are suing Monsanto for exposure to polychlorinated biphenyls (PCBs: "Forever Chemicals")
  • This case had been dismissed in May.  
  • The 3 were seeking $185m in damages
  • Equity is down -5.5% currently
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  • Negative: We understand that the Washington Appeals Court has accepted an appeal to review the case involving 3 teachers who are suing Monsanto for exposure to polychlorinated biphenyls (PCBs: "Forever Chemicals")
  • This case had been dismissed in May.  
  • The 3 were seeking $185m in damages
  • Equity is down -5.5% currently