Popular Energy Drinks Face Investigation

by Angela Nazworth | August 31, 2012 1:39 pm

New York Attorney General Eric Schneiderman has reportedly launched an investigation centering on three makers of energy drinks.

A source familiar with the matter told Reuters that Schneiderman sent subpoenas to¬† PepsiCo (NYSE:PEP[1]), Monster Beverage (NASDAQ:MNST[2]) and Living Essentials requesting information about each company’s advertising and marketing practices regarding the beverages they tout as energy drinks.

Since caffeine is a common ingredient in most energy drinks, it is believed that Schneiderman is checking to see if the companies are correctly identifying the role the stimulant plays in producing the energy-fix consumers seek.

An official statement from Schneiderman’s office has not been rendered at this time.

Endnotes:
  1. PEP: http://studio-5.financialcontent.com/investplace/quote?Symbol=PEP
  2. MNST: http://studio-5.financialcontent.com/investplace/quote?Symbol=MNST

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