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https://i-invdn-com.investing.com/trkd-images/LYNXMPEJ5E0NV_L.jpgThe settlement resolves accusations that Bayer (OTC:BAYRY) and its Monsanto (NYSE:MON) unit failed to substantiate their repeated claims about Roundup products containing the active ingredient glyphosate.
These claims included that Roundup “won’t harm anything but weeds,” and “do not pose a threat to the health of animal wildlife.”
James said Bayer’s and Monsanto’s advertising violated state laws against false and misleading advertising, and breached Monsanto’s 1996 settlement with New York over its advertising of Roundup at the time.
The settlement requires Bayer and Monsanto to stop advertising that glyphosate-based Roundup is safe and non-toxic.
Bayer said it was pleased to settle.