Monday, October 22, 2012

Reuters: Global Markets: Monster shares fall after lawsuit regarding girl's death

Reuters: Global Markets
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Monster shares fall after lawsuit regarding girl's death
Oct 22nd 2012, 18:31

Mon Oct 22, 2012 2:31pm EDT

(Reuters) - Monster Beverage Corp shares fell 10 percent on Monday after news that it is being sued by the family of a 14-year-old teenager who died after drinking two cans of its Monster Energy drink.

The family of teenager Anais Fournier filed a lawsuit on Friday against Monster for failing to warn about the product's dangers.

According to the suit, filed in California Superior Court in Riverside, Fournier died December 23, 2011 from "caffeine toxicity" after drinking two 24-ounce cans of Monster Energy on consecutive days.

A spokeswoman for Monster was not immediately available to comment.

Monster shares fell 10.2 percent, to $47.87 on the Nasdaq in afternoon trade following media reports about the lawsuit.

(Reporting By Martinne Geller in New York; Editing by Gerald E. McCormick)

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