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Monsanto Company (NYSE: MON) Investor Securities Class Action Lawsuit 07/29/2010

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Lawsuit Overview

Case Dismissed
Company
Monsanto Company
Security
NYSE: MON

Case Name
Monsanto Company Shareholder Class Action Lawsuit 07/29/2010
Type of Lawsuit
Shareholder Class Action
Court of Filing
U.S. District Court for the Eastern District of Missouri

Class Period Begin
Class Period End
Deadline To File for Lead
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Summary

August 1, 2012 - The defendants' motion to dismiss was granted and the plaintiff's second amended complaint is dismissed with prejudice.
February 29, 2012 - The defendants filed a motion to dismiss.

January 31, 2012 - The lead plaintiff's motion to file an amended complaint was granted and the defendants' motion to dismiss was deemed moot. The lead plaintiff filed a second amended complaint.

January 30, 2012 - The lead plaintiff filed a motion for leave to file an amended complaint.

April 1, 2011 - The defendants filed a motion to dismiss.

January 31, 2011 - The lead plaintiff filed and amended complaint.

November 1, 2010 - Lead plaintiff and counsel were appointed.

September 27, 2010 - Lead plaintiff motions were filed.

July 29, 2010 - An investor in shares of Monsanto Company (NYSE: MON) filed a lawsuit in the U.S. District Court for the Eastern District of Missouri over alleged violations of Federal Securities Laws.

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.