Actionable news
0
All posts from Actionable news
Actionable news in MON: MONSANTO COMPANY,

Notice to Monsanto Employees and Former Employees: Zamansky LLC Investigates The Monsanto Savings and Investment Plan for Possible ERISA Violations

NEW YORK--(BUSINESS WIRE)--Zamansky LLC announces its investigation of Monsanto Company (NYSE:MON)(“Monsanto”) and the Monsanto Savings and Investment Plan (the “Plan”) for possible violations of the federal Employee Retirement Income Securities Act of 1974 (“ERISA”). ERISA imposes fiduciary duties to prudently manage and invest the assets of the Plan. These duties were potentially violated by Monsanto’s continued offering of its company stock while it allegedly knew that the stock price was artificially inflated.

On March 20, 2015, the International Agency for Research on Cancer (“IARC”), an agency of the international World Health Organization (“WHO”), issued an evaluation of several herbicides, including glyphosate. Glyphosate is the main chemical used in Monsanto’s “Roundup” pesticide responsible for over $5 billion in annual sales. The IARC evaluated studies on exposures to glyphosate since 2001, and concluded that glyphosate was Grade 2A agent and “probably carcinogenic” to humans.

Following the IARC’s report, Monsanto’s pesticide has come under intense...


More