Monster Beverage 401(k) Investors Can Try Again in Fee Challenge

Participants in Monster Beverage Corp.'s $213 million 401(k) plan can amend their complaint to better explain their standing to sue and the company’s potential breaches of duties, a California federal judge said.

Judge John W. Holcomb on Tuesday denied the beverage maker’s motion to dismiss without prejudice, saying he’s “loath to adjudicate” serial dismissal requests. Holcomb gave the participants, who requested an opportunity to add factual allegations supporting their case, a Feb. 21 deadline for filing an amended complaint.

The seven-month-old lawsuit accuses Monster of mismanaging its employees’ retirement plan by overpaying for administrative services and failing to weed out ...