#United States #Class Action #New Orleans #Celsius Holdings #ClaimsFiler

Celsius Holdings Shareholder Alert

Investors in Celsius Holdings, Inc. are urged to take immediate action as the deadline for filing lead plaintiff applications in a class action lawsuit rapidly approaches. ClaimsFiler, a free resource dedicated to providing pertinent information to shareholders, emphasizes that those who sustained losses exceeding $100,000 while investing in Celsius stock between February 29, 2024, and September 4, 2024, have until January 21, 2025, to file their application.

Background on the Lawsuit

The class action lawsuit against Celsius Holdings is currently pending in the United States District Court for the Southern District of Florida, specifically under the name Shelby Township Police and Fire Retirement System v. Celsius Holdings, Inc., et al., No. 24-cv-81472. This legal action holds Celsius and several of its executives accountable for allegedly omitting crucial information related to the company’s financial health and performance during the specified Class Period.

The plaintiffs assert that Celsius failed to disclose significant facts that misled investors regarding the company's inventory sales and business outlook. Key allegations include:
1. Celsius reportedly oversold its inventory to PepsiCo, Inc. far beyond actual demand, creating a precarious situation as it faced a significant reduction in future sales.
2. A notable inventory overstock situation emerged as Pepsi began to cease purchasing Celsius products, leading to a forecasted decline in Celsius's sales and, ultimately, its financial outlook.
3. The purported unsustainability of the sales rate to Pepsi painted an unrealistic picture of the company's financial health.
4. The overarching claim suggests that Celsius's business metrics were not as sound as disclosed, which misinformed investors regarding the firm’s operational performance.

Given the grave implications of these allegations, shareholders who purchased shares during the relevant Class Period should act swiftly.

How to Participate

Investors are recommended to visit ClaimsFiler’s website or contact them toll-free at 844-367-9658 for more information on the claims process and legal guidance. Additionally, the law firm Kahn Swick & Foti, LLC is available for investors seeking to understand their legal recourse and evaluate their case options.

ClaimsFiler functions diligently to assist retail investors in navigating the complex landscape of securities class action settlements. On their platform, investors can register for free to access vital information related to various cases, including claims filing processes, deadlines, and relevant legal advice. They can also upload their portfolio transaction data to be alerted regarding potential securities cases in which they have an interest.

To summarize, if you’ve faced significant losses with Celsius Holdings during the outlined period, it is crucial to prioritize filing your lead plaintiff application before the approaching January 21, 2025, deadline. The legal landscape can be daunting, but with the right resources and support, investors can take the necessary steps to safeguard their financial interests.

Conclusion

Involvement in such legal matters not only demands attention but also emphasizes the importance of having reliable resources at hand. Ensure your investment rights are upheld by staying informed and acting decisively. For further insights or support, ClaimsFiler remains an essential ally for investors seeking justice and recovery in the complex world of class action lawsuits.