Monster Beverage in $16.25 mln ’channel-stuffing’ settlement

 Wednesday, April 23, 2014

 Reuters

Monster Beverage Corp reached a $16.25 million settlement with shareholders who said the energy drink maker defrauded them by overstating the financial benefits of a distribution arrangement with Anheuser-Busch. The accord was disclosed in a Wednesday filing with the U.S. District Court in Los Angeles, and requires court approval. Monster denied wrongdoing in agreeing to the all-cash settlement. It had said in March that it believed insurance would cover any potential accord.
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