Celsius Holdings Investors Urged to Act Quickly Ahead of Class Action Deadline

Urgent Notice for Celsius Holdings Investors



In an important update for stockholders of Celsius Holdings, Inc. (NASDAQ: CELH), the law firm Kessler Topaz Meltzer & Check, LLP has announced a deadline for investors who may be eligible to join a class action lawsuit against the company. The deadline for potential lead plaintiffs is rapidly approaching on January 21, 2025.

This lawsuit is aimed at those who acquired shares of Celsius common stock during the specified period from February 29, 2024, to September 4, 2024. The firm urges anyone who suffered financial losses during this timeframe to consider their options regarding participation in the lawsuit.

Allegations Against Celsius Holdings



The lawsuit alleges that Celsius Holdings misled investors throughout the Class Period by making false statements and failing to disclose critical information regarding its relationships with major distributors like Pepsi. The core allegations include:

1. Overproduction Issues: Celsius is said to have oversold its inventory to Pepsi, creating an illusion of strong demand that never existed. This mismanagement allegedly set the stage for future sales declines.
2. Sales Cliff: The lawsuit suggests that Celsius faced a significant sales cliff as Pepsi began to draw down on its inventory, indicating a bleak outlook for future sales. The decline in purchases from Pepsi is expected to affect Celsius's revenue adversely.
3. Misleading Financial Health: According to the complaint, business metrics portrayed by Celsius during the Class Period painted a false picture of financial well-being, leading investors to make ill-informed decisions based on these misrepresentations.
4. Consequences for Shareholders: The statement from Kessler Topaz asserts that due to these misleading actions, investors are now suffering as the actual financial health of Celsius is revealed to be less favorable than previously indicated.

Steps for Investors



Investors who have lost money in Celsius Holdings are encouraged to reach out to Kessler Topaz Meltzer & Check, LLP or seek counsel from other attorneys experienced in securities class actions. The firm provides a straightforward approach for investors wishing to become lead plaintiffs or simply join the class action suit. Those interested in pursuing this route might be appointed to represent all class members in court.

  • - Contact Information: If eligible, investors can reach out via phone at (484) 270-1453 or visit their website for further assistance and details regarding the lawsuit.
  • - Decision to Participate: It's significant for investors to know that participation in the lawsuit is not mandatory, but potential benefits may arise from becoming lead plaintiffs, including receiving a portion of any financial recovery achieved through the lawsuit.

About Kessler Topaz Meltzer & Check, LLP



Kessler Topaz Meltzer & Check, LLP is recognized for championing investors' rights in class action lawsuits across the United States and beyond. The firm has an established reputation for fighting corporate fraud and misconduct, recovering billions for victims, and advocating for accountability in corporate governance. Their focus remains on protecting consumers, investors, and employees from financial abuses.

Conclusion



The January 21 deadline is fast approaching for Celsius Holdings investors wishing to take part in the class action lawsuit. Those who believe they have been affected should act quickly to explore their options and possibly recover losses incurred during the specified Class Period. For further information or assistance, investors should contact Kessler Topaz Meltzer & Check, LLP promptly.

This is a pivotal moment for Celsius Holdings investors, and failing to act could compromise their ability to seek justice and recovery.

Topics Financial Services & Investing)

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