#USA #San Diego #Robbins LLP #Celsius Holdings #Stockholder Rights

Significant Investor Notice

Robbins LLP has brought to light a significant class action lawsuit on behalf of shareholders against Celsius Holdings, Inc. (NASDAQ: CELH). This lawsuit concerns all individuals who purchased common stock from February 29, 2024, to September 4, 2024. As a company primarily known for developing, marketing, and distributing energy drinks and liquid supplements, Celsius Holdings has recently faced scrutiny over its business practices and financial disclosures.

Allegations Against Celsius Holdings

According to the filed complaint, Celsius Holdings allegedly misled investors about its business performance. The specific allegations include:

1. Inventory Overselling: Celsius reportedly oversold inventory to PepsiCo far beyond actual demand, leading to an impending sales decline as Pepsi would significantly scale back its orders.

2. Sustained Sales Rate Misrepresentation: Reports indicate that the sales rate to Pepsi was not sustainable, creating a false impression of Celsius's financial health and outlook.

3. Future Financial Decline: As Pepsi depleted the excessive inventory, Celsius's sales figures were anticipated to drop sharply in subsequent periods, adversely affecting the company’s financial performance.

4. Misleading Performance Metrics: The business metrics and financial outlook showcased by Celsius Holdings were alleged to be considerably inflated, lacking transparency.

These misrepresentations, once disclosed, resulted in a plummet of the stock price, causing substantial financial harm to the investors involved.

Current Status and Next Steps for Shareholders

Shareholders affected by this situation have until January 21, 2025, to submit their applications if they desire to serve as a lead plaintiff in this class action. A lead plaintiff plays a vital role in guiding the litigation process on behalf of all class members. Importantly, participation is not mandatory to recover losses. Shareholders choosing not to engage can remain classified as absent class members.

For those wanting to learn more or get involved, Robbins LLP offers further information on their website. They emphasize that no fees or expenses are incurred by shareholders, as all legal representation is provided on a contingency basis.

About Robbins LLP

Since its establishment in 2002, Robbins LLP has dedicated itself to protecting shareholder rights through litigation. The firm has successfully recovered over $1 billion for shareholders, empowering them to hold company executives accountable for their actions and advocating for improvements in corporate governance structures. With a commitment to transparency and effectiveness, Robbins LLP continues to be a leading firm in this domain.

Conclusion

Investor confidence is crucial in the realm of stock trading, and allegations as serious as those against Celsius Holdings must be meticulously assessed. Shareholders should stay informed about the ongoing developments in this case to protect their investments. Additionally, those interested in receiving alerts regarding this class action or other corporate malfeasance may benefit from registering for updates with Robbins LLP.

For more details or to speak to an attorney, shareholders are encouraged to reach out to Robbins LLP directly. The firm prides itself in offering clear avenues for investor redress and maintaining rigorous standards of accountability within the business community.

For further inquiries, investors can contact Robbins LLP at (800) 350-6003 or visit their website for more information.