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Monsanto Retirees Appeal Tossing Of ERISA Action

Law360, New York (October 30, 2009) -- 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,...

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