#United States #Class Action #New Orleans #Kahn Swick #Celsius Holdings

Celsius Holdings Class Action Lawsuit Update

Investors who have suffered financial losses exceeding $100,000 from Celsius Holdings, Inc. are urged to take immediate action regarding a pending securities class action lawsuit. Kahn Swick & Foti, LLC (KSF), led by former Louisiana Attorney General Charles C. Foti, Jr., highlights the January 21, 2025 deadline for filing lead plaintiff applications. This alert serves as a critical reminder for shareholders who purchased Celsius shares between February 29 and September 4, 2024.

Background of the Lawsuit

The case, titled Shelby Township Police and Fire Retirement System v. Celsius Holdings, Inc., currently before the United States District Court for the Southern District of Florida, accuses Celsius and certain executives of failing to disclose crucial information during the specified Class Period. Investors claim that misleading statements about the company's inventory and sales dynamics have adversely affected Celsius's financial outlook.

Key allegations include claims that Celsius oversold inventory to PepsiCo, resulting in a significant dip in future sales as Pepsi reduced its purchases. The lawsuit contends that Celsius's management provided a distorted view of the company's financial health by misrepresenting sales sustainability and operational metrics.

Legal Process for Investors

Investors who wish to serve as lead plaintiffs must file a petition with the court before the deadline. KSF offers a no-obligation consultation to affected shareholders, providing insights into their legal rights and the potential impact of the lawsuit on their financial recovery. Interested parties can reach out to KSF Managing Partner Lewis Kahn directly via toll-free number 1-877-515-1850 or through their official website.

Implications for Celsius Holdings

The implications of this class action lawsuit extend beyond just the involved shareholders. As Celsius navigates these legal challenges, market observers are closely watching how the company responds to the allegations and what measures are taken to rectify its public image.

About Kahn Swick & Foti, LLC

Kahn Swick & Foti, LLC is recognized as a leading securities litigation firm with a significant track record in recovering investments lost to corporate misconduct. Operating in various states across the U.S., including Louisiana, New York, and California, KSF exclusively focuses on defending investors’ rights in cases of corporate fraud. The firm's dedicated team aims to hold publicly traded companies accountable and ensure fair compensation for affected investors.

In conclusion, the deadline is fast approaching for Celsius Holdings investors with substantial losses to take necessary action. Failing to act by January 21, 2025, could mean forgoing a potential opportunity for recovery under the collective litigative efforts surrounding the ongoing class action lawsuit.

For more information on how to participate in this case or to learn about your rights as an investor, visit Kahn Swick & Foti's website.