1. Latest News
  2. Submit Press Release
  1. PR Home
  2. Latest News
  3. Feeds
  4. Alerts
  5. Submit Free Press Release
  6. Journalist Account
  7. PRNewswire Distribution

Monster Beverage Corp (NASDAQ:MNST) Investor Lawsuit Deadline on October 22

A Deadline is coming up on October 22, 2012 in the lawsuit for investors in Monster Beverage Corp (NASDAQ:MNST) and NASDAQ:MNST stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com

 
 
mail@shareholdersfoundation.com
mail@shareholdersfoundation.com
PRLog - Oct. 17, 2012 - A deadline is coming up on October 22, 2012 in the lawsuit filed for investors of Monster Beverage Corp (NASDAQ:MNST) over alleged securities laws violations by Monster Beverage Corp in connection with certain statements regarding its Monster Energy(R) brand of energy drinks.

Investors with a substantial investment in Monster Beverage Corp (NASDAQ:MNST)shares between February 23, 2012 and August 9, 2012, should get active before the Deadline that is coming up on October 22, 2012, and NASDAQ:MNST investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court, Central District of California the plaintiff alleges on behalf of purchasers of Monster Beverage Corp (NASDAQ:MNST)securities between February 23, 2012 and August 9, 2012, that Monster Beverage Corp  and certain of its top officials violated Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by issuing between February 23, 2012 and August 9, 2012, allegedly materially false and misleading statements regarding its business, operational and compliance policies.
Specifically the plaintiff alleges that Defendants made allegedly false and/or misleading statements and/or failed to disclose that Monster Beverage Corp was improperly advertising, marketing and promoting its Monster Energy(R) brand of energy drinks and that as a result of the above, Monster Beverage Corp’s financial statements were materially false and misleading at all relevant times.

On August 9, 2012, Monster Beverage Corp (NASDAQ:MNST) disclosed in a filing with the Securities and Exchange Commission that in July 2012, it 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.

Shares of Monster Beverage Corp (NASDAQ:MNST) fell from over $68 per share on August 7, 2012, to as low as $52.11 per share on August 13, 2012.

On October 2, 2012, NASDAQ:MNST shares closed at $54.69 per share, which is significantly below its 52 week High of $83.96 per share.

Those who purchased shares of Monster Beverage Corp (NASDAQ:MNST) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Photo:
http://www.prlog.org/12001310/1

--- End ---

Click to Share

Contact Email:
***@shareholdersfoundation.com Email Verified
Source:Shareholders Foundation, Inc.
Phone:+1-(858)-779-1554
Zip:92108
City/Town:San Diego - California - United States
Industry:Business, Finance
Tags:Monster Beverage Corp, NASDAQ:MNST, securities class action, class action, lawsuit
Shortcut:prlog.org/12001310
Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog can't be held liable for the content posted by others.   Report Abuse

Latest Press Releases By “

More...

Trending News...



  1. SiteMap
  2. Privacy Policy
  3. Terms of Service
  4. Copyright Notice
  5. About
  6. Advertise
Like PRLog?
9K2K1K
Click to Share