Investor Targets Monster Over Marketing Practices

Law360, New York (August 21, 2012, 7:30 PM EDT) -- Monster Beverage Corp. was hit with a putative securities class action Tuesday in California claiming it misled investors by failing to disclose its allegedly improper marketing of Monster Energy drinks, just weeks after the company disclosed a government probe.

The complaint, filed by investor Daniel H. Rausch, follows a Aug. 9 regulatory filing from the Corona, Calif.-based beverage maker revealing that a state attorney general — whose identity and location was not disclosed — has been investigating the company's promotion of Monster Energy drinks. Because Monster...
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