Investors in Celsius Holdings, Inc. Urged to Join Class Action Against Alleged Securities Fraud

Recent Developments for Celsius Holdings, Inc. Investors

Celsius Holdings, Inc. (NASDAQ: CELH) is under scrutiny following a notified class action securities lawsuit initiated by Levi & Korsinsky, LLP. This legal action aims to assist investors who experienced losses due to alleged fraudulent activities conducted by the company between February 29, 2024, and September 4, 2024.

Class Action Overview

This lawsuit was filed on behalf of shareholders who believe they were misled by Celsius's executives regarding the company’s financial prospects and operational integrity. The allegations suggest that statements made by the company induced a false sense of security among investors, artificially inflating the price of Celsius’s common stock. Consequently, when the true state of affairs came to light, numerous investors reportedly suffered significant financial losses as shares plummeted.

Key Allegations

According to the complaint, the defendants are accused of making misleading statements and concealing crucial information which ultimately resulted in:
1. Deceptive Actions: The company allegedly misrepresented its operational health and future growth potential.
2. Market Manipulation: The actions of specific executives and insiders who sold over 21.6 million shares at inflated prices, generating proceeds exceeding $1.4 billion.
3. Investor Losses: Many investors purchased shares at these artificially inflated prices, leading to substantial individual and collective financial damages once price corrections occurred.

Your Rights as an Investor

Investors who sustained losses are encouraged to join the class action. The deadline to apply for lead plaintiff status is January 21, 2025, yet participation in the underlying action does not require individuals to fulfill this role. Importantly, shareholders who are part of this class action may qualify for compensation without any upfront costs or financial obligations.

Firm Expertise and History

Levi & Korsinsky, LLP brings over 20 years of experience in securities litigation, having recovered hundreds of millions of dollars for their clients. Their successful track record has made them a stalwart in the field, and they rank among the top litigation firms in the U.S., according to ISS Securities Class Action Services.

Get Involved

If you are a Celsius Holdings investor during the specified period, take action today. To learn more, access resources through their official website or contact Levi & Korsinsky directly via email at info@zlk.com or by phone at (212) 363-7500.

Final Thoughts

Attendance at a class action meeting is a pivotal opportunity for affected investors to connect, share experiences, and collectively seek reparations for their losses. As the case progresses, further information will be crucial for investors looking to make informed decisions about their involvement and potential recovery paths.

Celsius Holdings, Inc. stands at a critical junction as investors rally for transparency and accountability. This class action case not only aims to address grievances but also seeks to restore confidence in the market as a whole.