DALLAS--([ BUSINESS WIRE ])--[ Branham Law, LLP ] is investigating certain officers and directors of Monster Beverage Corporation (NASDAQ GS: [ MNST ]) (aMonstera or the aCompanya) for possible violations of shareholder protection laws in the issuance of materially false and misleading statements as a result of the complaint that has been filed in the United States District Court for the Central District of California on behalf of all Monster shareholders. This investigation affects shareholders who purchased the stock between February 23, 2012 and August 9, 2012.
If you purchased shares of Monster during the Class Period and wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact attorney [ Trey Branham ] at [ tbranham@branham-law.com ] or toll free at (855) 722-5910.
The lawsuit contends that defendants made materially false and misleading statements regarding the Company's business operations, financial condition and prospects. In particular, the lawsuit alleges that Monster was improperly promoting and marketing its Monster Energy brand of drinks and that, as a direct result of those improprieties, Monsteras financial statements were materially false and misleading.
On August 8, 2012, the Company issued a press release announcing its financial results were well below analysts' estimates. As an apparent result, Monster shares plummeted 10%, closing at $61.20 per share on August 9, 2012.
The very next day, on August 9, 2012, the Company disclosed that an unnamed state attorney general was investigating Monsteras advertising, marketing, promotion, ingredients, usage and sale of its Monster Energy brand of energy drinks. Not surprisingly, shares of Monster stock declined another 11%, closing at $54.27 per share on August 10, 2012.
If you have information about these events or currently hold shares of Monster, Mr. Branham is available to discuss the ongoing investigation.
Branham Law, LLP has significant experience in shareholder representation nationwide.
