"This verdict does not change the weight of over four decades of extensive science and the conclusions of regulators worldwide that support the safety of our glyphosate-based herbicides and that they are not carcinogenic," Bayer said.
The jury at San Francisco's Superior Court of California deliberated for three days before finding that Monsanto had failed to warn Johnson and other consumers of the cancer risks posed by its weed killers.
The new committee, composed of agricultural experts, has been asked to submit a report within 15 days, according to the order. The new directive asks the "investigating committee to look into the illegalities and risks of such seed sales and cultivation."
In a letter to the agriculture ministry, Mahyco Monsanto Biotech Ltd said it has "amicably settled" the dispute with three Indian companies --Ajeet Seeds, Kaveri Seed Co Ltd and Ankur Seeds. According to sources, these three companies owed about Rs 300 crore.
The Bayer-Monsanto deal has become the signature transaction in a consolidation race that has roiled the agribusiness sector globally in recent years, due to shifting weather patterns, rising competition in grain exports and a souring farm economy globally due to bad weather conditions.