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RAND v. MONSANTO CO.

No. 90-1442.

926 F.2d 596 (1991)

Claire RAND, custodian for Brett Rand, Plaintiff-Appellant, v. MONSANTO COMPANY, Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided February 20, 1991.

Attorney(s) appearing for the Case

Ira J. Bornstein, Harvey J. Barnett, Barnett, Bornstein & Blazer, Chicago, Ill., Jules Brody, Mark Levine, Stull, Stull & Brody, Joseph H. Weiss, New York City, Michael Malakoff, Berger, Kapetan, Malakoff & Myers, Pittsburgh, Pa., for plaintiff-appellant.

Joan M. Hall, Lawrence C. Begun, Jerold S. Solovy, William D. Heinz, Marquerite M. Tompkins, R. Edward Wilhoite, Jr., Jenner & Block, Chicago, Ill., for defendant-appellee.

Before EASTERBROOK, MANION, and KANNE, Circuit Judges.

EASTERBROOK, Circuit Judge.

Brett Rand bought 200 shares of stock in Monsanto Company on July 23, 1985, five days after Monsanto announced plans to acquire G.D. Searle & Company. He argues in this securities suit that Monsanto committed fraud by not disclosing Searle's potential liabilities for its Cu-7 intrauterine device, the subject of an article that Business Week published on October 4, 1985. The day after the article appeared, Monsanto stock fell from 46...

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