#United States #New York #Gross Law Firm #Celsius Holdings #securities lawsuit

Celsius Holdings, Inc. Faces Legal Challenges Over Securities Violations

Celsius Holdings, Inc. (NASDAQ: CELH) is currently embroiled in a class action lawsuit that has raised significant concerns among its shareholders. Announced by The Gross Law Firm, the legal notice highlights serious allegations against the company regarding potential securities laws violations. This article will break down the important details of the case, the implications for shareholders, and the steps they need to take moving forward.

Overview of the Allegations

The lawsuit specifically targets the company's actions during the class period from February 29, 2024, to September 4, 2024. Accusations against Celsius include the issuance of materially false and misleading statements about the company's true prospects and business operations. The complaint claims that the company not only misled the public but also artificially inflated the price of its stock, resulting in significant profits for insiders at the expense of average investors.

Key Points of the Allegations:

1. Misleading Information: Celsius allegedly misled investors regarding its business viability and market prospects.
2. Stock Price Inflation: The complaint suggests that marketing tactics led to inflated stock pricing that did not reflect actual company performance.
3. Insider Trading: Senior executives reportedly profited immensely by liquidating stocks at inflated prices, totaling over $1.4 billion after selling more than 21.6 million shares of Celsius stock.
4. Investor Losses: As the truth began to surface, many shareholders unknowingly purchased shares at these inflated prices, resulting in significant financial losses.

Importance of Acting Quickly

Shareholders must act swiftly, as the deadline for registering in this class action lawsuit is January 21, 2025. Those who purchased CELH shares during the class period are encouraged to contact The Gross Law Firm to discuss their potential eligibility for participating in the recovery process. It's important to note that being appointed as a lead plaintiff is not a necessity for recovering losses.

Steps for Shareholders

Here are the essential steps for shareholders of Celsius Holdings:

1. Register for the Class Action: To take part in the legal proceedings and to keep track of updates, shareholders should register by filling out the submission form provided by The Gross Law Firm.
2. Monitor the Case Status: Once registered, participants will receive continuous updates regarding the status of the class action lawsuit, ensuring they are informed throughout the process.
3. Stay Informed About Legal Rights: The Gross Law Firm specializes in protecting investors' rights and provides resources for affected shareholders who wish to understand their legal options better.

Why Choose The Gross Law Firm?

The Gross Law Firm is a nationally recognized class action law firm committed to advocating for investors. Their expertise lies in cases where funded deceit or illegal business practices have caused direct losses to shareholders. They remind potential participants that there is no cost or obligation to participate in this case, ensuring that all investors can seek justice without financial risk.

Contact Information

For shareholders wishing to learn more or register, The Gross Law Firm can be reached at:

• - Address: 15 West 38th Street, 12th Floor, New York, NY, 10018
• - Email: [email protected]
• - Phone: (646) 453-8903

Conclusion

As Celsius Holdings navigates these serious legal waters, shareholders must remain proactive regarding their rights and the potential implications of this class action lawsuit. This case serves as a reminder of the importance of transparency and responsible corporate behavior in the financial markets. Stakeholders should not delay in registering for the class action to secure their rights to possible recovery.