SOURCE: Levi & Korsinsky, LLP
NEW YORK, NY--(Marketwire - Sep 7, 2012) - Levi & Korsinsky announces that a class action lawsuit has commenced in the United States District Court for the Central District of California on behalf of investors who purchased Monster Beverage Corporation ("Monster" or the "Company") (NASDAQ: MNST) securities between February 23, 2012 and August 9, 2012.
For more information, click here: http://zlk.9nl.com/monster-beverage-mnst. There is no cost or obligation to you.
The Complaint alleges that throughout the Class Period, defendants made materially false and misleading statements regarding the Company's business operations, financial condition and prospects. Specifically, the Complaint alleges (a) that the Company improperly advertised, marketed and promoted its Monster Energy® brand of energy drinks; and (b) that as a result, the Company's financial statements were materially false and misleading at all relevant times. As a result of defendants' false and misleading statements, the Company's stock traded at artificially inflated prices during the Class Period.
On August 9, 2012, Monster disclosed that it was the subject of an investigation by a state attorney general concerning the Company's advertising, marketing, promotion, ingredients, usage and sale of its Monster Energy® brand of energy drinks. On this news, shares of Monster stock declined over 11%, closing at $54.27 per share on August 10, 2012 on heavy volume.
If you suffered a loss in Monster you have until October 22, 2012 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (877) 363-5972, or visit http://zlk.9nl.com/monster-beverage-mnst/.
Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.