SOURCE: Holzer Holzer & Fistel, LLC

Holzer Holzer & Fistel, LLC

October 03, 2012 10:57 ET

Securities Class Action Lawsuit Filed Against Monster Beverage Corporation; Shareholders With Large Losses Encouraged to Contact Holzer Holzer & Fistel, LLC Regarding October 22nd Lead Plaintiff Deadline

ATLANTA, GA--(Marketwire - Oct 3, 2012) - A class action lawsuit has been filed on behalf of investors who purchased common stock of Monster Beverage Corporation ("Monster" or the "Company") (NASDAQ: MNST) between February 23, 2012 and August 9, 2012. The lawsuit, which was filed in the United States District Court for the Central District of California, alleges that Monster issued false and misleading statements during that time relating to its marketing practices and its operational and compliance policies. On August 10, 2012, Monster disclosed that it received a subpoena from a state attorney general investigate the Company's "advertising, marketing, promotion, ingredients, usage and sale of its Monster Energy® brand of energy drink," and the Company's stock price declined significantly on the news. 

If you purchased Monster common stock between February 23, 2012 and August 9, 2012, and suffered a net loss on those purchases you have the legal right to petition the Court to be appointed a "lead plaintiff." A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. Any such request must satisfy certain criteria and be made no later than October 22, 2012. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

Investors who are interested in serving as lead plaintiff or who have questions concerning their legal rights may contact Michael I. Fistel, Jr., Esq. (mfistel@holzerlaw.com) or Marshall P. Dees, Esq. (mdees@holzerlaw.com) by email or via toll-free telephone at (888) 508-6832.

Holzer Holzer & Fistel, LLC dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com and upon request from the firm. Holzer Holzer & Fistel, LLC has paid for the dissemination of this promotional communication, and Michael I. Fistel, Jr. is the attorney responsible for its content.