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In February 2016, Monsanto agreed to pay a $80 million settlement after a U.S. Securities and Exchange Commission investigation found that Monsanto had misstated its earnings in filings over a 3-year period. The misleading statements were connected to Monsanto's failure to fully account for the costs involved in their Roundup rebate programs.
The Monsanto Company ( / mɒnˈsæntoʊ /) was an American agrochemical and agricultural biotechnology corporation founded in 1901 and headquartered in Creve Coeur, Missouri. Monsanto's best-known product is Roundup, a glyphosate -based herbicide, developed in the 1970s. Later, the company became a major producer of genetically engineered crops.
Solutia and its parent company Monsanto agreed in 2003 to pay $700 million to settle claims by 20,000 Anniston, Alabama residents over PCB contamination. Monsanto documents indicate that the company routinely dumped PCBs in the land and water supply of Anniston and covered up its behavior for more than 40 years.
The company said the settlement over Roundup, which is made by its Monsanto subsidiary, involves about 125,000 filed and unfiled claims. Bayer paying up to $10.9B to settle Monsanto weedkiller ...
Stewart practices law in Alabama. He was lead attorney on a class action lawsuit against agricultural biotech giant Monsanto Company for PCB dumping in his hometown of Anniston. The case garnered national attention, including coverage by CBS's 60 Minutes. As of 2002, the company had paid out as much as $160 million against various plaintiffs in ...
May 1, 2024 at 8:24 PM. By Clark Mindock. (Reuters) - A Washington state appeals court on Wednesday overturned a $185 million verdict against Bayer's Monsanto unit over chemical contamination at a ...
Fort McClellan. Coordinates: 33°42′39″N 85°44′14″W. Buckner Hall at Fort McClellan in 2014. Fort McClellan, originally Camp McClellan, is a decommissioned United States Army post located adjacent to the city of Anniston, Alabama. During World War II, it was one of the largest U.S. Army installations, training an estimated half-million ...
In 2003, Monsanto and Solutia Inc., a Monsanto corporate spin-off, reached a $700 million settlement with the residents of West Anniston, Alabama, who had been affected by the manufacturing and dumping of PCBs.