Investigation Overview
September 22, 2016 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Monster Beverage Corporation (NASDAQ:MNST) was announced over potential breaches of fiduciary duties by certain officers and directors at Monster Beverage Corporation.
The investigation by a law firm concerns whether certain Monster Beverage Corporation officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Monster Beverage Corporation reported that its annual Total Revenue rose from over $2.46 billion in 2014 to over $2.72 billion in 2015 and that its Net Income grew from $483.19 million to $546.73 million. Shares of Monster Beverage Corporation (NASDAQ:MNST) declined from $162.52 per share in August 2106 to as low as $142.31 per share on September 14, 2106.