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Case Status:    DISMISSED    
On or around 09/13/2012 (Notice of voluntarily dismissal)

Filing Date: August 21, 2012

According to the law firm press release, Monster markets and distributes energy drinks, fruit juice, smoothies, juice cocktails, iced teas, lemonades, and still water. The Company distributes its beverages in the United States and overseas.

The Complaint alleges that throughout the Class Period, the Company made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company was improperly advertising, marketing and promoting its Monster Energy® brand of energy drinks; and (ii) as a result of the above, the Company’s financial statements were materially false and misleading at all relevant times.

On August 8, 2012, after the market closed, the Company disclosed financial results that failed to meet analysts’ expectations. On this news, Monster stock declined $6.57 per share or nearly 10%, to close at $61.20 per share on August 9, 2012.

The next day, after the market closed, the Company disclosed that it had “received a subpoena from a state attorney general in connection with an investigation concerning the Company’s advertising, marketing, promotion, ingredients, usage and sale of its Monster Energy® brand of energy drinks.” On this news, Monster stock declined an additional $6.93 per share or nearly 11%, to close at $54.27 per share on August 10, 2012.

On September 13, 2012, Plaintiff filed a Notice voluntarily dismissing this action without prejudice as to all defendants.

COMPANY INFORMATION:

Sector: Consumer Non-Cyclical
Industry: Beverages (Non-Alcoholic)
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: MNST
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: S.D. California
DOCKET #: 12-CV-02058
JUDGE: Hon. M. James Lorenz
DATE FILED: 08/21/2012
CLASS PERIOD START: 02/23/2012
CLASS PERIOD END: 08/09/2012
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Pomerantz LLP (New York)
    600 Third Avenue, Pomerantz LLP (New York), NY 10016
    212.661.1100 212.661.8665 · info@pomerantzlaw.com/
No Document Title Filing Date