Investors Alert: Class Action Lawsuit Against Celsius Holdings Unveiled

Celsius Holdings, Inc. Class Action Lawsuit: What You Need to Know

In a significant development for shareholders of Celsius Holdings, Inc. (NASDAQ: CELH), investors who have incurred losses are encouraged to contact Levi & Korsinsky, LLP regarding an upcoming class action lawsuit. This legal initiative aims to represent individuals who have been adversely impacted by alleged securities fraud connected to the company and its leadership team.

Understanding the Class Action

The class action lawsuit seeks to recover losses for investors who bought shares between February 29, 2024, and September 4, 2024. Allegations include that Celsius Holdings made misleading statements about its business prospects, which led to a misleading inflation of the stock's market price. As a result, investors who purchased shares during this time frame faced considerable financial losses when the reality of the company’s performance became evident.

With claims that certain high-ranking officials sold over 21.6 million shares at inflated prices—netting more than $1.4 billion—the situation has left many investors in a vulnerable position. The lawsuit highlights concerns about corporate governance and the potential misconduct of insiders who profited while average investors suffered.

What Should Investors Do?

To take part in this legal action, investors are urged to act quickly, as the deadline to request appointment as the lead plaintiff is January 21, 2025. However, it’s important to note that participation in any potential recovery does not require investors to take on the lead role. This means that even if you do not wish to lead the class, you can still be eligible for compensation.

No Financial Risk to Participants

For those impacted by the alleged securities fraud, there is hope for a financial remedy without incurring any out-of-pocket costs. Levi & Korsinsky assures potential class members that the process is straightforward and without direct financial risk to the participant. A contingency structure means that fees will only be paid from any recovered funds, protecting investors' interests.

Why Levi & Korsinsky?

Levi & Korsinsky, LLP is recognized as one of the premier law firms specializing in securities class action lawsuits in the United States. With two decades of experience and a solid track record of securing millions of dollars for aggrieved shareholders, the firm offers dedicated representation for those involved in complex securities litigation. Having consistently ranked in ISS Securities Class Action Services' Top 50 Report, their expertise provides shareholders with confidence in pursuing legal recourse against corporate wrongdoing.

Conclusion

Understanding the implications of this class action lawsuit is vital for anyone who invested in Celsius Holdings within the specified timeframe. Those who have experienced financial losses may have a route to recover their investments. It is essential to act swiftly and consult with Levi & Korsinsky to ensure your rights are upheld. Interested investors can reach out to Joseph E. Levi or directly visit Levi & Korsinsky's website for more information and assistance in joining the class action.

For more inquiries, you can also reach Levi & Korsinsky via email or phone, ensuring you stay informed about your rights as a Celsius Holdings investor.