Monster to pay $16.5M to settle shareholder suit

SHARE Monster to pay $16.5M to settle shareholder suit

Monster Beverage Corp. reached a $16.25 million settlement with shareholders who said the company overstated the financial benefits of a distribution arrangement with Anheuser-Busch, Reuters reports. Monster denied wrongdoing agreeing to the cash settlement, which still needs court approval.

Shareholders led by the Structural Ironworkers Local Union #1 Pension Fund in Forest Park, claimed the record results posted in 2007 by the maker of Monster Energy and Allied drinks were inflated.

Monster Beverage in $16.25 million ‘channel-stuffing’ settlement (Reuters)

The Latest
There are a few ways to make sure you have enough coverage before a potential car accident puts you at risk.
The man was shot around 1:20 a.m. Monday, police said.
Family in turmoil as insecure woman complains constantly about her husband’s absence.
A teen writes in favor of proposed legislation to require vape manufacturers to provide stores and gas stations with a certification that lists the details of their products, to ensure the products being sold are legal.