Monsanto Company Long Term Investor Files Lawsuit

If you are a current long term investor in common stock of Monsanto Company (NYSE:MON), including those who purchased prior to January 2009 and continue to hold those MON stocks, you have certain options and you should contact the Shareholders Foundation, Inc.

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Company Name(s): 
Monsanto Company
Case Name: 
Monsanto Company Derivative Action 09/01/2010
Case Status: 
Lawsuit Filed
Affected Securities
NYSE: MON
Lawsuit Overview
Type of Lawsuit: 
Shareholder Derivative Action
Date Filed: 
09/01/2010
Summary: 

A current Monsanto investor filed a lawsuit against certain members of the board of directors of Monsanto alleging breaches of fiduciary duty. This lawsuit follows a previous lawsuit by another Monsanto investor on behalf of purchasers of the common stock of Monsanto Company 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. According to the complaint filed on behalf of purchasers of the common stock of Monsanto Company between January 7, 2009 and May 27, 2010, 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 $54.35 per share, down from its 52weekHigh of $87.06 per share and almost $140 per share during 2008.