What Is the Average Settlement for a Roundup Cancer Lawsuit?

What Is the Average Settlement for a Roundup Cancer Lawsuit?

The average settlement for a Roundup cancer lawsuit typically can get up to $2 million, depending on factors like the severity of the cancer, medical evidence, and individual case details.

Strong evidence linking Roundup to cancer, especially in cases of terminal or advanced stages of non-Hodgkin’s lymphoma, can lead to higher settlements.

Major companies like Bayer, which acquired Monsanto, have settled numerous claims, with payouts varying based on the case’s specifics, including whether it’s part of a class action or an individual claim.

Some cases settle before trial, while others may result in larger jury-awarded damages.

Monsanto Roundup Lawsuit Settlement Update

Monsanto / Bayer managed to settle the 100,000+ Roundup cancer lawsuits by negotiating block settlement arrangements with plaintiffs’ lawyers who have large numbers of cases in the litigation.

Although these settlements account for nearly 80% of all claims over Roundup herbicide, there are still at least 26,000-30,000 pending complaints, most of which were filed in state court.

There are more than 4,000 additional claims in the MDL Roundup class action lawsuit pending in California.

Related Article: Roundup Lawsuits Update

How Much Should I Expect From My Roundup Settlement?

If you developed cancer after using or being exposed to Roundup or other glyphosate herbicides, you may be entitled to significant financial compensation for your injuries.

According to one report, the average payout for an individual who has been diagnosed with non-Hodgkin’s lymphoma or other cancers is between $5,000 to $250,000 in compensation. Another source claimed that the average amount per client suffering from cancer is $160,000.

Are Lawsuit Settlements Taxable?

The general rule for monies received from lawsuit settlements and other legal remedies is Internal Revenue Code (IRC) Section 61, which states all income is taxable from whatever source derived unless exempted by another section of the code.

Is a Settlement Considered Income?

Settlement money and damages collected from a lawsuit are considered income, which means the IRS will generally tax that money. However, personal injury settlements are an exception.

How Can I Avoid Paying Taxes on a Roundup Settlement?

Spreading payments over time may help you avoid paying higher taxes from a Roundup settlement. Receiving a large, lump sum settlement can bump your income into a higher tax bracket. By spreading your settlement payments over multiple years, you can reduce income that is subject to the highest tax rates.

Do Roundup Settlement Payments Require 1099?

The IRS requires the payer to send the recipient a 1099-MISC, as long as the settlement meets the following conditions: The payee received more than $600 in a calendar year. The settlement money is taxable in the first place.

When Can I Expect My Roundup Settlement Check?

Settlement checks from Roundup cancer lawsuits are usually mailed within one month after you submit the release form to the insurance company.

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FAQs

1. What factors influence the settlement amount in a Roundup lawsuit?

Factors that influence the settlement amount in a roundup lawsuit include the severity of the plaintiff’s illness, the extent of exposure to Roundup, medical expenses, lost wages, pain and suffering, and the strength of the evidence linking Roundup to the illness.

2. Can I expect a settlement if I file a Roundup lawsuit?

You can expect a settlement if you file a Roundup lawsuit, but the outcome depends on the specifics of each case, including the evidence presented and the negotiation process. Consulting with an experienced attorney can help evaluate your chances.

3. How long does it take to reach a settlement in a Roundup lawsuit?

Settlement timelines vary, but it can take several months to years to reach a settlement in a Roundup lawsuit. The duration depends on case complexity, court schedules, and the negotiation process.

4. Is a settlement considered income?

Settlement money is considered income, which means the IRS will generally tax that money. However, personal injury settlements are an exception for compensation related to physical injuries.

5. What is the average settlement for Roundup cancer cases?

The average settlement is estimated at $150,000 per plaintiff, with payouts ranging from $5,000 to $250,000. Factors that influence settlement amounts include severity of injuries, duration of exposure, and strength of evidence.

6. Do Roundup settlement payments require 1099s?

Roundup settlement payments require a 1099-MISC if the settlement exceeds $600 in a calendar year and the settlement money is taxable in the first place.

7. When can I expect my Roundup settlement check?

Settlement checks from Roundup cancer lawsuits are usually mailed within one month after you submit the release form to the insurance company.

8. How can I avoid paying taxes on a Roundup settlement?

Spreading payments over time may help you avoid paying higher taxes from a Roundup settlement. Receiving a large, lump sum settlement can bump your income into a higher tax bracket.

9. Are compensatory damages for physical injuries taxable?

In most cases, compensatory damages received for physical injuries or illness, such as those for medical expenses or pain and suffering, are generally tax-free.

10. What types of cancer qualify for Roundup lawsuits?

Non-Hodgkin lymphoma is the primary qualifying cancer, but other cancers like B-cell lymphoma, leukemia, and multiple myeloma may qualify depending on your case specifics and exposure history.

See all related product liability lawsuits our attorneys covered so far.

Get Your Free Roundup Cancer Lawsuit Evaluation With Our Lawyers

Time is limited to pursue legal action regarding Roundup cancer cases. Most states have a statute of limitations of only 1-6 years from the date of diagnosis or discovery that Roundup may have caused your cancer.

The Products Liability Litigation Group at Schmidt & Clark, LLP is an experienced team of trial lawyers that focuses on representing plaintiffs in Roundup cancer lawsuits nationwide.

We are currently accepting new cases in all 50 states.

Our services include:

• Free, confidential consultations for affected individuals
• No upfront costs or fees to begin your case
• Payment only if we win your case

If you have developed cancer as a result of glyphosate exposure, contact Schmidt & Clark, LLP today for a free case evaluation.