Judge OK’S Monster’s $362 Million Purchase of Bang

Dear Client: Much to Bang Energy founder Jack Owoc’s chagrin, energy rival Monster has gotten the official judicial approval to purchase the energy drink sector disrupter for $362 million. Judge Peter Russin of the Southern District of Florida’s Bankruptcy Court said during a court hearing Wednesday he’d approve the Chapter 11 sale and a settlement to put ongoing litigation between the energy drink giants to bed, Bloomberg reported. A signed order was docketed in the case late Wednesday, granting final