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Monster Beverage Corporation MNST Securities Lawsuit

Company: Monster Beverage Corporation
Ticker Symbol: MNST
Class Period: Feb-23-12 to Aug-9-12
Date Filed: Aug-21-12
Lead Plaintiff Deadline: Oct-20-12
Court: Central District of California,
New York, NY: A securities securities class action lawsuit has been filed against Monster Beverage Corporation ("Monster" or the "Company") and certain of its officers.

The class action (3:12-cv-02058), filed in the United States District Court, Central District of California, is on behalf of all persons or entities who purchased or otherwise acquired Monster securities between February 23, 2012 and August 9, 2012, both dates inclusive (the "Class Period"). This securities class action seeks to recover damages caused by the Company's violations of the federal securities laws and to pursue remedies under § 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder against the Company and certain of its top officials.

Monster markets and distributes energy drinks, fruit juices, smoothies, juice cocktails, iced teas, lemonades, and still water. The Company distributes its beverages in the United States and overseas.

The Complaint alleges that throughout the Class Period, the Company made materially false and misleading statements regarding the Company's business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company was improperly advertising, marketing and promoting its Monster Energy® brand of energy drinks; and (ii) as a result of the above, the Company's financial statements were materially false and misleading at all relevant times.

On August 8, 2012, after the market closed, the Company disclosed financial results that failed to meet analysts' expectations. On this news, Monster stock declined $6.57 per share or nearly 10%, to close at $61.20 per share on August 9, 2012. The next day, after the market closed, the Company disclosed that it had "received a subpoena from a state attorney general in connection with an investigation concerning the Company's advertising, marketing, promotion, ingredients, usage and sale of its Monster Energy® brand of energy drinks." On this news, Monster stock declined an additional $6.93 per share or nearly 11%, to close at $54.27 per share on August 10, 2012.

If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.

Monster Beverage Corporation MNST Securities Fraud Legal Help

If you have suffered from financial losses, you may qualify for damages or remedies that may be awarded in a possible Monster Beverage Corporation securities class action lawsuit. Please click the link below to submit your complaint for a free evaluation.
Published on Aug-22-12


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