$289M Monsanto Weedkiller Verdict Cut To $78M, Taxes Still High
Forbes - 10-24
Trials can be seesaws of emotion. In August, jurors awarded $289 million to a man they say got cancer from Monsanto's Roundup weedkiller. Plaintiff Dewayne Johnson was awarded $39 million in compensatory damages, and $250 million in punitive damages. Monsanto cried foul. And shortly thereafter, it looked as if the Judge might throw out the verdict entirely.In the end, though, the Judge denied Monsanto’s new trial motion. However, the Judge did take a weed wacker to the jury’s award of $250 million in punitive damages. With the stroke of a pen, the Judge reduced the $250 million punitive verdict to just under $40 million Now, Mr. Johnson is slated to collect $78.5 million, about half compensatory and half punitive damages.