DALLAS--(EON: Enhanced Online News)--Kendall Law Group, a national securities firm led by a former federal judge Joe Kendall and a former U.S. Attorney, is investigating certain officers and directors of Monsanto Co. (NYSE: MON) for possible breaches of fiduciary duty and other federal and state laws. The firm’s investigation seeks to determine whether Monsanto and its directors and officers breached their fiduciary duties by failing to disclose material adverse facts about the company's true financial condition, business and prospects. Shareholders familiar with the investigation are urged to contact the Kendall Law Group for more information at 877-744-3728 or by email at email@example.com.
On May 27, 2010, Monsanto cut its earnings target for its fiscal year ending in August by 70 cents to between $2.40 and $2.60 a share and also projected profit for the quarter ending May 31 of 75 cents to 80 cents a share, which was well below the $1.32 per share average predicted by analysts. Monsanto shares fell 7.3% the day after the company said it was cutting its earnings outlook for this year. Prior to this adjustment, Monsanto’s directors and officers continued to make positive statements about the company, its earnings, prospects and financial condition. Monsanto's shares have lost approximately 30% of their market value since the start of the year.
Kendall Law Group has the credentials and experience to pursue any type of complex securities litigation in the nation. Since leaving the bench and returning to trial work, Mr. Kendall has had tremendous success at the prosecution of patent, consumer and securities class action litigation either as lead, co-lead or liaison counsel. The firm represents shareholders when publicly traded companies violate the law. Shareholders are encouraged to contact attorney Scott Kendall for more information.