Vital Pharmaceuticals, Inc.

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Case overview

Case Number:

0:22-bk-17842

Court:

Florida Southern

Nature of Suit:

Firms

Companies

Sectors & Industries:

  1. February 13, 2025

    Fla. Judge Denies Drinks Co. Ex-CEO Bid To Ax Monster Liens

    A Florida federal bankruptcy judge on Thursday declined to rule on a bid to dismiss all Monster Energy Company's claims and liens against the former CEO of the corporation that produces Bang Energy drinks, saying he lacks jurisdiction to resolve issues between two non-debtors.

  2. February 03, 2025

    Under The Radar: Bankruptcy News You May Have Missed

    A New Jersey event venue, a lithium battery maker and the operator of one of the world's largest cobalt refineries hit Chapter 11; retailer Party City wants to beef up security for its current and former directors, citing threats of violence; and yet another former member of Byju's Alpha's top brass was sanctioned for contempt of court.

  3. January 29, 2025

    Fla. Judge OKs Settlement In Energy Drink Co. Bankruptcy

    A Florida federal bankruptcy judge on Wednesday approved a $3 million settlement in the bankruptcy case of Vital Pharmaceuticals Inc., the company that produces Bang Energy drinks, but declined to seal an agreement with an insurer over the costs of litigation in a Monster Energy Co. lawsuit.

  4. September 04, 2024

    Drink Co.'s Ex-CEO Must Face Suit Over Illegitimate Profits

    A Florida federal bankruptcy judge on Wednesday denied a bid by the former CEO of the corporation that makes Bang Energy to toss a lawsuit alleging the company's profits were based on deception and that the chief executive left the business insolvent, but ordered that the complaint be clarified.

  5. July 10, 2024

    Bang Energy Drink Co. Ex-CEO Urges DQ Of Ch. 11 Judge

    The former CEO of the company that makes Bang energy drinks urged the disqualification of a Florida federal bankruptcy judge and called for an investigation, alleging that the judge committed misconduct in the company's Chapter 11 case, according to a complaint filed with the Eleventh Circuit.

  6. February 12, 2024

    Energy Drink Co.'s Ch. 11 Stayed As Ex-CEO Seeks Tax Docs

    A Florida bankruptcy judge has stayed the Chapter 11 case of the company that makes Bang energy drinks while its founder and former CEO waits for the Internal Revenue Service to provide tax documents linked to a PepsiCo transaction that were previously denied from him by the court.

  7. January 18, 2024

    Bang Energy Trustee Tags Ex-CEO In Clawback Suit

    The Chapter 11 liquidating trustee for Vital Pharmaceuticals sued the Bang Energy drink maker's former CEO on Thursday, seeking at least $80 million in clawbacks and tens of millions more in real estate and other property, while accusing him of creating a "self-dealing regime" that destroyed the company.

  8. December 12, 2023

    Drink Co. Ex-CEO Won't Be Harmed In Equity Sale, Judge Says

    A Florida federal bankruptcy judge on Tuesday said the ex-CEO of the company that sells Bang Energy drinks can't stop a trustee from extinguishing his ownership in a Chapter 11 sale, saying his challenge to an order granting the debtor's estate the right to terminate corporation status will remain intact.

  9. October 11, 2023

    Bankrupt Drink Co. Ex-CEO Sanctioned Over Instagram Post

    The former CEO of bankrupt energy drink company Bang Energy was hit with a $63,517 sanction from a Florida bankruptcy court for failing to comply with court orders regarding his use of the company's social media accounts.

  10. July 03, 2023

    Bang Agrees To $362M Sale To Monster In Fla. Ch. 11

    Vital Pharmaceuticals Inc., the company that produces Bang Energy drinks, announced a proposed $362 million sale to rival Monster Beverage Corp. in its Florida bankruptcy case on Monday, although court records show that the transaction still needs approval from the Federal Trade Commission.