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Ex-Crunk Employee's Action Over Solvi Sale Tossed

Law360, New York (September 27, 2011, 6:53 PM EDT) -- A New York federal judge on Tuesday tossed a putative class action over energy drink company Crunk LLC's sale to Solvi Brands LLC, finding the former Crunk employee who brought the suit was not a shareholder as she claimed.

In his decision, U.S. District Judge Kenneth Karas dismissed all of Renate Cordts-Auth's claims for a collective $500 million in damages and records of Crunk's sale to Solvi, saying he was unconvinced that she was ever a member, or shareholder, of Crunk, which he said was different from being an employee. She therefore did not have standing to bring the allegations under...

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New York Southern

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Stockholders Suits

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Date Filed

September 13, 2009

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