Monsanto Retirees Appeal Tossing Of ERISA Action

Law360, New York (October 30, 2009, 4:32 PM EDT) -- Plaintiffs in a long-running dispute over pension plans for employees of agricultural giant Monsanto Corp. and two spinoff health care companies have appealed a district court decision tossing their class action claims that the pension plans improperly calculated their benefits in violation of federal law.

In a June order, Judge J. Phil Gilbert of the U.S. District Court for the Southern District of Illinois tossed the allegations against the defendants in the case including Monsanto, Monsanto Co. Pension Plan, Solutia Inc. Employees' Pension Plan, Pharmacia Cash...
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