Bayer faces a billion-dollar investor class action lawsuit in Germany over the takeover of United States seed manufacturer Monsanto, specialist law firm Tilp Rechtsanwaltsgesellschaft said on Wednesday.
Tilp said it was representing more than 250 institutional investors and a large number of private investors who believed Bayer misled them about the economic risks of the $63bn acquisition and are demanding damages.
The value of the lawsuits amounts to more than one billion euros ($1.13bn), the law firm said.
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