Bayer Eyes Deal to Pay More Than $7 Billion in Roundup Cases

Bayer AG agreed to pay more than $7 billion as part of a major push to resolve current and future cancer lawsuits over its top-selling Roundup weedkiller in a settlement plan to turn the page on litigation that has ensnared the company for years.

The German conglomerate proposed a $7.25 billion class-action settlement through cases filed in state court in Missouri designed to resolve Roundup suits that already have been filed and potential claims that could be filed over a 21-year period, the company said late Tuesday.