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Jug of Roundup weed killer. Photo illustration of jug sitting in grass, behind dandelion by decking. Scott Olson/Getty Images

Settlement may be near in Roundup cancer case

Bayer reportedly reaches draft settlement, but formal deal hasn't been signed: WSJ.

Bayer AG has agreed on draft settlement terms with half a dozen law firms representing tens of thousands of plaintiffs alleging that its Roundup weedkiller causes cancer, the Wall Street Journal reported on Friday, citing people familiar with the matter.

A formal deal hasn't been signed and could yet fall apart, the report added.

"Mediation discussions continue in good faith under a court order requiring confidentiality and the company cannot comment on speculation about outcomes, timing or progress,” a Bayer spokesman told Reuters on Friday.

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