Boustany v. Monsanto Company

OPINION

MARGARET GARNER MIRABAL, Justice.

This is an appeal by 110 employees, plaintiffs below, from a summary judgment granted in favor of Monsanto Company, in an employment benefits case. We reverse.

Case Background

Each plaintiff is now, or has been, an employee in a management position at Fisher Controls International, Inc. Fisher was a wholly-owned subsidiary of Monsanto until October 1, 1992, when Monsanto sold Fisher to Emerson Electric for a reported after-tax gain of $500 million, dollars. Plaintiffs retained their same positions within Fisher after it was sold.1

*598When Monsanto owned…