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Vital Pharmaceuticals, Inc.

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Case overview

Case Number:

0:22-bk-17842

Court:

Florida Southern

Nature of Suit:

Firms

Companies

Sectors & Industries:

  1. October 11, 2023

    Bankrupt Drink Co. Ex-CEO Sanctioned Over Instagram Post

    The former CEO of bankrupt energy drink company Bang Energy was hit with a $63,517 sanction from a Florida bankruptcy court for failing to comply with court orders regarding his use of the company's social media accounts.

  2. July 03, 2023

    Bang Agrees To $362M Sale To Monster In Fla. Ch. 11

    Vital Pharmaceuticals Inc., the company that produces Bang Energy drinks, announced a proposed $362 million sale to rival Monster Beverage Corp. in its Florida bankruptcy case on Monday, although court records show that the transaction still needs approval from the Federal Trade Commission.

  3. June 22, 2023

    Device 'Lockdown' Ordered in Bang Energy Co. Ch. 11

    A Florida federal bankruptcy judge on Thursday ordered a "lockdown" barring the use of electronic devices reportedly in possession of the ex-CEO of Vital Pharmaceuticals, which makes Bang energy drinks, after an attorney representing the debtors said the executive extracted privileged company information he wasn't entitled to from the devices after the company terminated him in March.

  4. June 07, 2023

    Ex-CEO Of Energy Drink Co. Says Biz Claimed His Assets

    The former CEO of Vital Pharmaceuticals Inc. urged a Florida federal bankruptcy judge on Tuesday to allow him access to a data room to ensure that any assets he owns aren't transferred in a Chapter 11 sale, after claiming that the company's new leadership attempted to wrongly take control of his property.

  5. May 25, 2023

    Bang Energy Drink Co. Says Ex-CEO Jeopardizing Ch. 11 Sale

    Bang Energy drink maker Vital Pharmaceuticals on Thursday urged a Florida federal bankruptcy judge to prevent its former CEO from using social media accounts tied to the company, saying his postings are jeopardizing a potential sale of the company's assets in its Chapter 11 case.

  6. April 25, 2023

    Ex-Bang Energy CEO Says He Owns Social Media Accounts

    The recently terminated CEO of Bang Energy drink maker Vital Pharmaceuticals told a Florida bankruptcy court on Tuesday that he should be able to keep control of the official Bang Energy CEO social media accounts — and their combined nearly 2 million followers — because the majority of their content is personal.

  7. March 17, 2023

    Ex-Bang CEO Blocked From Using Social Media Accounts

    A Florida bankruptcy judge on Thursday temporarily blocked the recently terminated CEO of Bang Energy drink maker Vital Pharmaceuticals from making any changes to the official Bang Energy CEO social media accounts while he and the new management team battle over ownership of the accounts.

  8. October 13, 2022

    Ch. 11 Cheat Sheet: Vital Pharmaceuticals Inc.

    Vital Pharmaceuticals Inc., the maker of Bang energy drink, filed for Chapter 11 protection in a Florida bankruptcy court on Oct. 10, saying it is facing hundreds of millions of dollars in liability stemming from disputes with Monster Energy Co.