Monster beverage statement on jason hamric suit

Corona, calif.--(business wire)--monster beverage corporation (nasdaq:mnst) (“monster”) issued the following statement in response to media and other inquiries relating to the pending lawsuit against it by angela wheat, guardian of jason hamric: “there is no credible evidence that jason consumed a monster energy drink the day of the incident. the evidence in this case shows the only person that saw him with a drink that day was bill ledbetter, a pastor at the fairview baptist church. when deposed and interviewed, pastor ledbetter stated that jason was holding a 'silver can'. in 2011 when this incident occurred, monster had no product that was even close to being described, as in a silver can. we are truly sorry about jason’s injury, but we are confident that once all the evidence is heard, it will be shown that monster had no responsibility in this case. “the sale and consumption of 12 billion monster energy drinks worldwide over more than 12 years has shown that our products are safe. contrary to allegations, they are not 'highly caffeinated' and they are not marketed to children. in fact, a 16-ounce monster energy drink contains less than half the caffeine than a 16-oz (tall) cup of starbucks brewed coffee. monster’s labels state: 'not recommended for children, people sensitive to caffeine, pregnant women or women who are nursing.'”
MNST Ratings Summary
MNST Quant Ranking