Monsanto Cleared In Suit Over Stock Drop, Roundup Earnings

Law360, New York (August 1, 2012, 7:06 PM EDT) -- A Missouri federal judge on Wednesday tossed a putative class action claiming Monsanto Co. artificially inflated the price of its stock by concealing a declining demand for its herbicide Roundup, finding the suit failed to prove the company had violated securities laws.

U.S. District Judge Catherine D. Perry granted Monsanto's motion to dismiss the complaint on the ground that the allegedly false and misleading statements it had made about the company's Roundup business and earning projections were protected by the safe harbor provision of the Private...
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