To reproduce:

this.radScheduler1.ActiveViewType = Telerik.WinControls.UI.SchedulerViewType.Month;
SchedulerMonthView monthView = this.radScheduler1.GetMonthView();

monthView.WeekCount = 5;
monthView.EnableCellOverflowButton = false;
monthView.EnableAppointmentsScrolling = true;
monthView.ShowVerticalNavigator = false;

for (int i = 0; i < 5; i++)
{
    this.radScheduler1.Appointments.Add(new Appointment(DateTime.Now, TimeSpan.FromDays(2), "Test" + i));
}
for (int i = 5; i < 10; i++)
{
    this.radScheduler1.Appointments.Add(new Appointment(DateTime.Now.AddDays(7), TimeSpan.FromDays(2), "Test" + i));
}
for (int i = 10; i < 15; i++)
{
    this.radScheduler1.Appointments.Add(new Appointment(DateTime.Now.AddDays(14), TimeSpan.FromDays(2), "Test" + i));
}
this.radScheduler1.Appointments.Add(new Appointment(DateTime.Now.AddMinutes(5),TimeSpan.FromDays(8),"Last"));
this.radScheduler1.Appointments.Add(new Appointment(DateTime.Now, TimeSpan.FromDays(14), "A"));
this.radScheduler1.Appointments.Add(new Appointment(DateTime.Now.AddDays(7), TimeSpan.FromDays(20), "B"));

Workaround: use the cell overflow button: SchedulerMonthView.EnableCellOverflowButton=true.