Celsius Holdings Shareholders Urged to Join Class Action Lawsuit Against Company

In a significant development for investors of Celsius Holdings, Inc. (NASDAQ: CELH), The Gross Law Firm has issued a notice regarding a pending class action lawsuit, encouraging shareholders who faced financial losses to come forward. The lawsuit pertains to activities alleged to have occurred within a specific class period from February 29, 2024, to September 4, 2024.

Background of the Case

During the designated class period, shareholders are claiming that Celsius Holdings made materially false and misleading statements. The lawsuit contends that the company misled investors about its business prospects, which led to an artificial inflation of Celsius common stock prices. Consequently, this inflation enabled certain insiders to profit significantly by selling off large shares of the company's stock at boosted prices.

According to the allegations, more than 21.6 million shares were sold by company insiders, resulting in over $1.4 billion in proceeds from these inflated market prices. This series of actions resulted in shareholders purchasing stock at an overstated price, leading to considerable financial losses as the truth began to surface, ultimately resulting in a reevaluation of the company's actual value.

How to Participate

Celsius Holdings shareholders who purchased shares during the stated class period are urged to register their information with The Gross Law Firm. This registration is essential for those wishing to partake in potential recovery efforts or to be considered for lead plaintiff status. It's important to note that while being appointed a lead plaintiff is beneficial, it is not a prerequisite for recovery.

The deadline for registering is set for January 21, 2025, making it imperative for affected shareholders to act quickly. Interested parties can find the registration form through The Gross Law Firm’s dedicated page.

Next Steps

Once registered, shareholders will gain access to portfolio monitoring software, which will provide updates on the case's progress and any necessary actions as they unfold. There is no cost or obligation tied to the registration process, ensuring that all participants can engage without financial risks.

Why Choose The Gross Law Firm?

The Gross Law Firm has established itself as a reputable national class action firm dedicated to protecting shareholders’ rights, particularly those affected by deceitful business practices. The firm invests significant resources into each case, striving to hold companies accountable for their actions and ensuring investors are fairly treated.

By pursuing legal action against companies that fail to uphold their fiduciary responsibilities, The Gross Law Firm aims to recover losses incurred by investors due to misinformation and deception in the stock market.

In conclusion, Celsius Holdings investors need to be proactive in seeking justice and recovery for their losses. With a firm deadline approaching, it's crucial for shareholders to register right away to maximize their chances of participating in the possible recovery offered through this class action lawsuit. Should you have any inquiries or require further assistance, reach out to The Gross Law Firm directly at their New York office.