Monsanto slammed with 8,000 lawsuits

Monsanto is facing a growing number of lawsuits after it was ordered to pay $289 million in damages over potential cancer risks of its Roundup product.

Since the order, lawsuits have grown to 8,000 from 5,200, according to Bayer, the new owner of the agrochemical company Monsanto.

“The number of plaintiffs in both state and federal litigation is approximately 8,000 as of end-July. These numbers may rise or fall over time but our view is that the number is not indicative of the merits of the plaintiffs’ cases,” Bayer CEO Werner Baumann told analysts in a conference call on Thursday.

Read more from Fox Business.