Bayer weighs ‘Texas two-step’ bankruptcy filing over Roundup ...Middle East

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Bayer AG is weighing whether to use a controversial legal maneuver known as the “Texas two-step” bankruptcy to try to resolve tens of thousands of U.S. lawsuits claiming its Roundup weedkiller causes cancer, according to people familiar with its thinking. Faced with a recent string of costly jury verdicts over the herbicide, Bayer executives are consulting with law firms and advisers about how to prompt a bankruptcy judge to halt further trials scheduled for this year. The object is to wrangle a settlement of more than 50,000 cases, said the people, who declined to be identified discussing a confidential matter. The bankruptcy maneuver gets its name from th

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