Investigation Overview
January 11, 2017 (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.
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 increased from $483.19 million in 2014 to $546.73 million in 2015.
On January 11, 2017, NASDAQ:MNST shares closed at $43.99 per share.