Monster Beverage Investor Sues Over NY Probe

Law360, New York (September 14, 2012, 2:38 PM EDT) -- A shareholder of Monster Beverage Corp. filed a derivative suit in California court Thursday accusing company executives of misleading investors by failing to disclose a New York attorney general's probe into the energy drink maker's marketing practices over health effects.

Shareholder Gary Rumbaugh claims Monster executives breached their fiduciary duty to investors by failing to disclose in financial results that New York Attorney General Eric T. Schneiderman had been investigating the company for purportedly misleading customers about the health effects of Monster Energy drinks, according to...
To view the full article, register now.