Monsanto Company Hit by Investor Lawsuit Over Alleged Securities Laws Violations

If you are purchased the common stock of Monsanto Company (NYSE:MON) between January 7, 2009 and May 27, 2010, you have certain options and there are strict and short deadlines running. Deadline: September 28, 2010. Those MON shareholders and current long term MON investors, including those who purchased their MON shares prior to January 2009, and continue to hold their MON shares, should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this case, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
Monsanto Company
Case Name: 
Monsanto Company Shareholder Class Action 07/29/2010
Case Status: 
Lawsuit Filed
Affected Securities
NYSE: MON
Lawsuit Overview
Type of Lawsuit: 
Shareholder Class Action
Date Filed: 
07/29/2010
Class Period Begin: 
01/07/2009
Class Period End: 
05/27/2010
Court of Filing: 
U.S. District Court for the Eastern District of Missouri
Deadline To File for Lead: 
09/28/2010
Summary: 

An investor in MON stock filed a lawsuit in the United States District Court for the Eastern District of Missouri on behalf of purchasers of the common stock of Monsanto Company (NYSE:MON) between January 7, 2009 and May 27, 2010, over alleged violations of Federal Securities Laws by Monsanto Company.

Monsanto Company, located St. Louis, MO, along with its subsidiaries, is a worldwide provider of agricultural products for farmers. Monsanto Company reported in 2007 Total Revenue of $8.349billion, in 2008 $11.365billion, and in 2009 $11.724billion. Its Net income rose over the same time period from $993million in 2007, to $2.007billion in 2008, and $2.098billion in 2009. According to the complaint the plaintiff alleges that Monsanto Company and certain of its officers and executives violated the Exchange Act by failing between January 7, 2009 and May 27, 2010, to disclose material adverse facts about its true financial condition, business and prospects.

Then on May 27, 2010, Monsanto Company announced that it was “dramatically” repositioning its Roundup® business, lowering its full-year 2010 guidance to $2.40 to $2.60 a share from $3.10 to $3.30 a share, and lowering its free cash flow guidance. Monsanto Company also announced that its guidance for Roundup® and other glysophate-based products was now $50 to $200 million, down from $600 million on April 7, 2010. On this news, so the lawsuit, Monsanto’s stock price fell from a price of $52.66 prior to the announcement to close at $50.27 on extremely heavy volume. Shares of Monsanto Company (MON) traded recently at $57.91 per share, down from its 52weekHigh of $87.28 per share.