Energy drinks maker Champion Energy drinks firm will make $1 billion in revenue as part of its bankruptcy filing.
The company will also acquire a large stake in a beverage manufacturer.
The company, founded in the early 1990s, is one of the largest producers of energy drinks in the world.
Champion Energy is the largest producer of energy-based beverages in the United States.
It also manufactures energy-free drinks such as the Energy Star, Energy X, and the Energy One.
In 2012, the company’s stock soared more than 2,000 percent.
In February, the New York state attorney general’s office announced that it had launched a criminal investigation into the company.
That investigation found that the company misled consumers about the safety and efficacy of its products and that it misled investors.
The New York attorney general said in a statement that the investigation was based on more than three years of data gathered by the Attorney General’s Office.
It was the first criminal investigation of a major energy drink company.
Champions Energy CEO and chairman Chris Leong is the former CEO of the company that now goes by the brand name Energy Star.