Dow, Monsanto to Get Agent Orange Hearing

From Bloomberg News

Dow Chemical Co. and Monsanto Co., the two biggest makers of Agent Orange, won Supreme Court review of their effort to stop a new round of suits over the cancer-causing defoliant used in Vietnam. The case may help businesses settle group personal injury claims.

The justices agreed to hear an appeal by Dow, Monsanto and 11 other companies that a 1984 settlement is binding on two men seeking to sue them. A federal appeals court allowed the suit by Daniel Stephenson and Joe Isaacson, who developed cancer after the 1994 deadline for seeking payment from the $180-million settlement fund.

Dow’s shares fell 48 cents to $26 while Monsanto’s shares climbed 30 cents to $17.15, both on the NYSE.