St. Louis, Missouri
March 8, 2005
Monsanto Company (NYSE: MON) announced today that the U.S.
Court of Appeals for the 8th Circuit denied efforts to certify
an antitrust class action suit levied against Monsanto and other
companies over biotechnology seed products sold to U.S. farmers.
"Today's
ruling by the U.S. Court of Appeals upholds the rulings made by
the District Court last year," said Charles Burson, general
counsel for Monsanto. "This affirmation helps bring this
litigation advanced by a longtime critic of biotechnology one
step closer to its end. We believe that the plaintiffs in this
case do not represent American farmers' opinions or experience
about biotechnology farm products."
The original
lawsuit was filed in 1999. In October 2003, the U.S. District
Court originally denied the plaintiffs' efforts to certify a
class action against Monsanto. Previously, the Court had granted
Monsanto summary judgment on all the plaintiffs' claims that
Monsanto wrongly introduced biotech crops.
In December
2003, the plaintiffs chose to appeal the District Court ruling
that denied the plaintiffs' efforts to certify an antitrust
class action against Monsanto.
Today's
ruling by the Court of Appeals upholds the earlier decision by
the District Court to deny class action status to plaintiffs'
antitrust claims. Further, the District Court's decision
dismissing the plaintiffs' claim Monsanto wrongfully
commercialized biotech crops still stands.
Monsanto
Company is a leading global provider of technology-based
solutions and agricultural products that improve farm
productivity and food quality. |