Energy

Monster Energy Triumphs as $270 Million Verdict Against Bang Energy is Affirmed by Appeals Court

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Los Angeles — In a significant legal development, Monster Beverage Corp has seen its $270 million jury award against former competitor Bang Energy and its former CEO Jack Owoc affirmed by a federal appeals court. This decision, announced on Tuesday, stemmed from allegations of false advertising related to Bang Energy’s claims about their drink contents. The dispute centered around Bang’s promotional assertions that their beverages contained “Super Creatine.” Through legal scrutiny, it was proven that not only were these claims unfounded—Bang’s products did not contain any form of creatine—but they also falsely advertised additional health … Read more

FLNC Investors Called to Spearhead Key Class Action Lawsuit Against Fluence Energy, Inc. Over Alleged Securities Fraud

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Austin, Texas – Investors who purchased shares in Fluence Energy, Inc. are now presented with the chance to lead a class action lawsuit against the firm. This opportunity arises amidst allegations that the company engaged in securities fraud which reportedly misled shareholders about its financial status and operational capabilities. The class action suit targets periods between October 28, 2021, and May 5, 2022. It claims that Fluence Energy, an energy storage technology and services company, provided false and misleading statements regarding its business operations and compliance policies. These alleged misrepresentations are said to have impacted … Read more

Illinois Cracks Down on Energy Fraud: Direct Energy Settles for $12M Over Deceptive Practices

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Chicago, IL — Direct Energy Services, LLC has agreed to a $12 million settlement with the state of Illinois, resolving accusations of deceptive business practices. The lawsuit, initiated by Illinois Attorney General Kwame Raoul, claimed that the company engaged in misleading enrollment practices and charged customers excessively high electricity rates. The legal action asserted that Direct Energy violated the Illinois Consumer Fraud and Deceptive Business Practices Act by enlisting customers without their explicit consent and, at times, billing them at rates more than 230% above the default utility rates. This settlement marks a significant victory … Read more

Jury Grants Driftwood Energy Over $2 Million in Contract Dispute with KLX Energy Services

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RANKIN, Texas — In a legal dispute that captured local attention, Driftwood Energy Operating LLC was awarded up to $2.5 million in damages and fees on April 9, following a breach-of-contract lawsuit against KLX Energy Services LLC. The decision came after a brief yet intense three-day trial that unfolded at the 112th District Court in Upton County, a rural area known for its significant ties to the energy sector. The 12-member jury, after roughly an hour of deliberations, reached a unanimous verdict, favoring Driftwood Energy in the legal battle that has implications for local businesses … Read more