Plaintiffs claim that current and former Bayer executives, including Werner Baumann, Werner Wenning, Liam Condon, Johannes Dietsch, and Wolfgang Nickl (collectively, “Defendants”) made false and misleading statements to investors about the extent of their pre-merger due diligence on Monsanto’s litigation risks relating to its top-selling Roundup herbicide product.
#BAYER AKTIENGESELLSCHAFT FULL#
Fritz ter Meer, convicted of war crimes for his actions at Auschwitz, was elected to Bayer AG’s supervisory board in 1956, a position he retained until 1964.On May 19, 2023, the Honorable Richard Seeborg of the United States District Court for the Northern District of California granted class certification in full in this securities class action filed against Bayer Aktiengesellschaft under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5. Bayer, however, did little to come to terms with its Nazi past. By the mid-1970s, Bayer, along with BASF and Hoechst, had returned to economic domination, aiding in the “German Economic Miracle” and re-emerging as one of the world’s largest pharmaceutical companies. Bayer emerged as an independent enterprise. In the immediate postwar, the victorious allies divided the IG Farben conglomerate into individual companies.
#BAYER AKTIENGESELLSCHAFT TRIAL#
One positive outcome of these subsequent Nuremberg Trials was the establishment of the Nuremberg Code, a product of the Nuremberg Doctors’ Trial which codified prohibitions against the kinds of involuntary experimentation conducted by Bayer in the concentration camp system. Ter Meer was sentenced to seven years, but was released in 1950 for good behavior. Among them was Fritz ter Meer, who helped to plan the Monowitz camp (Auschwitz III) and IG Farben’s Buna Werke factory at Auschwitz, where medical experimentation had been conducted and where 25,000 forced laborers were deployed. Responsibility and ReparationsĪfter the war, some employees of Bayer appeared in the IG Farben Trial, one of the Nuremberg Subsequent Tribunals under US jurisdiction.
There, Vetter and Auschwitz physicians Eduard Wirths and Friedrich Entress tested Bayer pharmaceuticals on prisoners who suffered from and often had been deliberately infected with tuberculosis, diphtheria, and other diseases. Most of the experiments were conducted in Birkenau in Block 20, the women's camp hospital.
A senior Bayer official oversaw the chemical factory in Auschwitz III (Monowitz). In Buchenwald, physicians infected prisoners with typhus in order to test the efficacy of anti-typhus drugs, resulting in high mortality among test prisoners.īayer was particularly active in Auschwitz. Vetter was later convicted by an American military tribunal at the Mauthausen Trial in 1947, and was executed at Landsberg Prison in February 1949. These included paying a retainer to SS physician Helmuth Vetter to test Rutenol and other sulfonamide drugs on deliberately infected patients at the Dachau, Auschwitz, and Gusen concentration camps. In its most criminal activities, the company took advantage of the absence of legal and ethical constraints on medical experimentation to test its drugs on unwilling human subjects. Bayer and the HolocaustĪs part of the IG Farben conglomerate, which strongly supported the Third Reich, the Bayer company was complicit in the crimes of the Third Reich. By 1926, the powerful conglomerate had three times as many assets as all other chemical companies in Germany combined.
Bayer remained an individual subsidiary within the larger monopoly. The conglomerate included Bayer and other major companies such as BASF, Hoechst (Aventis), and AGFA. While Germany was a leading manufacturer of chemicals and pharmaceuticals, international competition led to the creation in 1925 of a massive conglomerate known as IG Farben. In 1939, one of Bayer’s scientists, Gerhard Domagk, received the 1939 Nobel Prize for his discovery of the sulfanilamide Prontosil, the first commercially produced antibacterial drug. Bayer scored early successes in pharmacology with the patenting of phenobarbital (branded as Veronal), an early treatment for epilepsy, and heroin-now a banned substance because of its addictive nature- used until 1910 as a cough suppressant and as a less addictive alternative to morphine. By the early 20th century, it had become a substantial and powerful company on the international stage. The company originally produced synthetic dyes before expanding into the chemical and pharmaceutical markets. The Bayer company was founded in Barmen, a city in the Rhineland, by the entrepreneur Friedrich Bayer and his partner Johann Weskott.
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