Bayer $38M ADR Securities Class Action Settlement

Consumers who purchased or otherwise acquired Bayer American Depositary Receipts between May 23, 2016, and July 6, 2020, may be eligible to submit a claim for a cash payment from a class action settlement.

Bayer Aktiengesellschaft agreed to pay $38,000,000 to settle a class action lawsuit. The class action claimed Bayer and certain executives violated federal securities laws by making false and misleading statements about the company’s due diligence in connection with its acquisition of Monsanto and regarding the risks of litigation related to the company's Roundup products.

Who is eligible for a Bayer settlement payout?

• The class includes all persons or entities that purchased or otherwise acquired Bayer’s publicly traded American Depositary Receipts between May 23, 2016, and July 6, 2020.
• The class covers both individuals and entities, including those who acquired ADRs through direct purchase, custodial accounts or by depositing or redeeming Bayer ordinary shares via The Bank of New York Mellon.
• Class members who previously requested exclusion from the class and now wish to participate must submit a written request to opt back in to the settlement administrator by Oct. 9, 2025.

How much is the class action settlement payment?

The settlement uses a plan of allocation to determine each claimant’s recognized loss, which is based on:

• When the American Depositary Receipts were purchased and sold
• The amount of artificial inflation in the share price at the time of purchase and sale, detailed in Table A of the settlement notice

The estimated average recovery is approximately $0.15 per share after deducting attorneys’ fees and expenses. Final payment amount will be determined each class member's specific transactions and the total number of valid claims.

How to claim a class action rebate

To claim a settlement payment, class members must submit a valid claim form by Oct. 16, 2025. There are two ways to file:

• Class members or qualifying entities can file a claim online
• Or download, print, complete and mail the PDF claim form to the settlement administrator

Settlement administrator’s mailing address: Bayer ADR Securities Litigation c/o A.B. Data Ltd., P.O. Box 173084 Milwaukee, WI 53217

Is proof required to submit a claim?

Yes, claimants must provide supporting documentation verifying their Bayer American Depositary Receipts transactions. Acceptable documentation includes:

• Copies of broker confirmation slips
• Monthly brokerage account statements
• An authorized broker statement containing the relevant transactional and holding information

Payout options

Approved claimants will receive a paper check mailed to the address provided.

$38 Million Bayer class action settlement fund

The $38,000,000 settlement fund will include:

• Notice and administration costs: To be determined
• Attorneys’ fees: Up to $10,260,000
• Attorneys’ expenses: Up to $3,550,000
• Payments to valid claimants: Remaining settlement funds

Important dates

• Deadline to file a claim: Oct. 16, 2025
• Deadline to opt back into the class if previously excluded: Oct. 9, 2025
• Fairness hearing: Oct. 30, 2025

When is the Bayer ADR securities settlement payout date?

Payments to eligible claimants will be issued after the court grants final approval of the settlement, any appeals are resolved and all claims are processed.

Why did this class action lawsuit and settlement happen?

The class action lawsuit alleged Bayer and certain executives violated federal securities laws by making false and misleading statements about the company’s due diligence in acquiring Monsanto, particularly regarding the risks of litigation related to Monsanto’s Roundup products.

Plaintiffs claimed these statements artificially inflated the price of Bayer American Depositary Receipts and that the truth was revealed through a series of legal and financial events, causing the share price to drop and resulting in losses for investors. Bayer denies these allegations but agreed to settle to avoid the risk and expense of continuing litigation.

Sources

1. Official settlement notice
2. Bayer ADR securities litigation settlement website
3. Official claim form