BUZZ -Bayer falls after US court accepts PCB case for review

Reuters
2024-10-09

** Shares in Bayer fall 7%, with an analyst pointing to new developments in a case over unit Monsanto's toxic chemicals known as PCBs as the potential reason for the move

** Bloomberg on Wednesday reported that Washington state's Supreme Court accepted to review a case against Bayer's Monsanto unit over allegations that exposure to the company's PCBs caused brain injuries to three teachers

** In May, a court overturned a 2021 ruling for $185 mln in damages for chemical contamination with polychlorinated biphenyls (PCBs) in a school northeast of Seattle

** The shares are on track for their worst day in about seven months

(Reporting by Mateusz Dobrzyniewski and Linda Pasquini)

((Mateusz.dobrzyniewski@thomsonreuters.com))

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