House & Home
Thu, September 6, 2012
LOS ANGELES--([ BUSINESS WIRE ])--Glancy Binkow & Goldberg LLP announces that it is investigating potential claims on behalf of purchasers of the securities of Monster Beverage Corporation (aMonster Beveragea or the aCompanya) (NASDAQ:MNST) concerning possible violations of federal securities laws. The investigation focuses on allegations that certain statements issued by Monster Beverage between February 23, 2012 and August 9, 2012 were false and misleading regarding the Companyas business and operations.
Monster Beverage, through its subsidiaries, develops, markets, sells and distributes alternative beverage category beverages in the United States and internationally. The investigation is related to the Companyas August 8, 2012 announcement of disappointing financial results for the quarter ended June 30, 2012. Specifically, the investigation concerns allegations that the Company misrepresented or failed to disclose that: (1) the Company was improperly advertising, marketing and promoting its Monster Energy(R) brand drinks; and (2), as a result, the Company's financial statements were materially false and misleading at all relevant times.
On August 8, 2012, after the market closed, Monster Beverage announced disappointing financial results, which failed to meet analysts' expectations. Following this news, the price of Monster Beverage stock declined $6.57, or nearly 10%, to close at $61.20 per share on August 9, 2012.
If you purchased Monster Beverage securities between February 23, 2012 and August 9, 2012, if you have information or would like to [ learn more ] about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, by telephone at (310) 201-9150, Toll Free at (888) 773-9224, by e-mail to [ shareholders@glancylaw.com ], or visit our website at [ http://www.glancylaw.com ].
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
