A California jury has awarded $81 million to a man who claimed his cancer was caused by exposure to Bayer's (BAYRY) - Get Report Roundup weed killer, marking another legal setback for the company, according to published reports.
The federal court jury awarded $5.9 million in compensatory damages and $75 million in punitive damages after it determined the company failed to warn the plaintiff of the widely-used herbicide's cancer risk and had acted negligently, Reuters reported.
Last week the jury found that Roundup was a substantial factor in causing the victim's cancer, setting the stage for the second trial to determine damages.
Bayer bought Roundup maker Monsanto last year in a $63 billion deal.
The company faces more than 10,000 lawsuits from people claiming Roundup caused their cancer.
Bayer is expected to report earnings of 65 cents a share on sales of $14.4 billion on Apr. 25, based on a FactSet survey of 5 analysts. In the same period a year ago the company posted earnings of 67 cents a share on sales of $10.9 billion.
Bayer American depositary receipts fell 20 cents, or 1.25% to $15.82 during regular trading Wednesday.
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