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Monster Beverage Company Sued for Fraud and Intentional Interference
Friday, November 06, 2009
CARLSBAD, Calif., Nov. 6 /PRNewswire/ -- Crown Athlete Management Company, Inc. ("Crown AMG"), an athlete management, marketing, and sponsorship procurement company, has filed a multi-million dollar lawsuit against Hansen Beverage Company ("HBC"), doing business as Monster Beverage Company ("Monster") for fraud, intentional interference with contractual relations, and related claims. The lawsuit, filed in San Diego County, alleges that Monster fraudulently induced Crown AMG to enter into agreements, fraudulently concealed its true intentions to exclude Crown AMG from earning fees and commissions, and made numerous false promises to Crown AMG about potential future business opportunities.
In 2003, Scott "Hollywood" Sepkovic founded Crown AMG as a comprehensive marketing, branding, and athlete management firm. According to the lawsuit, that same year, Crown AMG was recruited by Mark Hall, President of Monster, to help market and build brand recognition for the "new" Monster Energy Drink. The Monster Energy Drink had only been launched the prior year, and had yet to establish significant brand recognition.
Over the next 6 years, Crown AMG was instrumental in building brand recognition for Monster worldwide. HBC's sales skyrocketed from $115 million in 2002 to $1.18 billion in 2008. Crown AMG believes that its efforts helped HBC land the #1( )position on the "Forbes 200 Best Small Companies" List in 2005 and 2007. Further, in July of 2006, Fortune Magazine stated that, "Since the beginning of 2004, Hansen Natural's stock [had] risen a Google-stomping 3,900% to $170."
In the lawsuit, Crown AMG alleges that Monster unlawfully interfered with Crown AMG's business by, among other things, filing lawsuits against Crown AMG clients, instructing Crown AMG's clients not to pay Crown AMG, and making false representations to Crown AMG and its clients.
"We are seeking appropriate relief from the court and will continue conducting business in the meantime," said Scott Sepkovic, President of Crown AMG. "I can only say that Crown AMG suffered and continues to suffer actual monetary loss as a result of Monster's interference with Crown AMG's relationships with many companies and individuals."
The lawsuit alleges that Monster adhered to its own motto - "Unleash the Beast" - and ignored the law by bullying its former allies into submission. The lawsuit appears intended to disabuse Monster of that belief, and seeks punitive damages to punish Monster for its alleged unlawful conduct. The lawsuit was filed on November 3, 2009, and no court determination has been reached on the merits.
About Crown Athlete Management Group
Crown Athlete Management Group is a comprehensive marketing, branding and athlete management firm. For sponsorship opportunities or media information please contact info@crownamg.com or visit www.CrownAMG.com
For More Information
Contact: Chris Schweppe
541-389-6344
chris@mandala-agency.com
SOURCE Crown Athlete Management Company, Inc.
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