The maker of Bang energy drinks filed for bankruptcy protection after a federal jury ordered it last month to pay Monster Beverage Corp. nearly $293 million for interfering with its rival’s dealings with retailers and falsely advertising the mental and physical benefits of Bang drinks.
The chapter 11 filing on Monday in the U.S. Bankruptcy Court in Fort Lauderdale, Fla., immediately halts Monster’s lawsuit against Vital Pharmaceuticals Inc., or VPX, as well as costly litigation with other companies that has been a drag on…
The maker of Bang energy drinks filed for bankruptcy protection after a federal jury ordered it last month to pay Monster Beverage Corp. nearly $293 million for interfering with its rival’s dealings with retailers and falsely advertising the mental and physical benefits of Bang drinks.
The chapter 11 filing on Monday in the U.S. Bankruptcy Court in Fort Lauderdale, Fla., immediately halts Monster’s lawsuit against Vital Pharmaceuticals Inc., or VPX, as well as costly litigation with other companies that has been a drag on…