Monster's White Execs Hit With Derivative Suit Over Diversity

Law360 (September 18, 2020, 11:10 PM EDT) -- A Monster Beverage Corp. investor hit the beverage giant's top brass with a derivative shareholder lawsuit Friday, claiming they've falsely touted the company's commitment to diversity when in reality they haven't given minorities any meaningful representation in the company's top ranks.

In a 137-page complaint, investor Frank Falat accuses the Corona, California-based company, CEO Rodney C. Sacks, Chief Financial Officer Hilton H. Schlosberg, President of Americas Emelie C. Tirre and six board members of violating the U.S. Securities Exchange Act and federal regulations by repeatedly lying in financial reports about the company's efforts to promote diversity.

"Monster's board and senior executive...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!