Monsanto sued over conflicts of interest in Bayer merger
An investor alleges Monsanto Chief Executive Officer Hugh Grant stands to collect $18 million in cash and benefits, and that directors would similarly benefit from the merger. Grant and board members suffer conflicts of interest and have withheld information from investors in a bid to pursue the deal, according to the complaint.
The investor who filed the lawsuit in Missouri state court on Nov. 16 seeks to represent others in a class action.
Source: Bloomberg