#United States #New York #Securities Fraud #Celsius Holdings #Lead Plaintiff

Important Update for Celsius Holdings Investors

Levi & Korsinsky, LLP, a prominent law firm, has alerted investors of Celsius Holdings, Inc. (NASDAQ: CELH) regarding an ongoing class-action securities lawsuit. This lawsuit stems from allegations of securities fraud and is particularly significant for shareholders who may have suffered financial losses due to the deceptive practices connected to the company's operations.

What You Need to Know

The class action lawsuit aims to recover losses for investors who were adversely affected by misleading statements made by the company. These alleged misstatements occurred between February 29, 2024, and September 4, 2024, which is the time frame during which many investors claim to have purchased Celsius stock at artificially inflated prices.

Specifically, the complaint outlines a series of claims, including:

• - False Representation: Allegations that Celsius deceived the investing public concerning its business prospects.
• - Price Manipulation: Reports that the company artificially inflated its stock prices, misleading investors.
• - Improper Insider Profits: Key officers and insiders of Celsius reportedly sold their holdings—over 21.6 million shares—at these inflated prices, raking in profits estimated at over $1.4 billion.
• - Investor Losses: Therefore, many class members bought into Celsius shares under false pretenses, leading to significant financial losses once the true nature of the company's situation was disclosed.

How to Get Involved

If you invested in Celsius during the specified timeframe and experienced losses, it's critical to act swiftly. The law firm has announced that the deadline to apply for lead plaintiff status is January 21, 2025. This step allows investors the opportunity to have their voices heard in court, even though participating as a lead plaintiff is not the only way to share in any potential recovery from the lawsuit. You can still be eligible for compensation simply as a class member.

No Financial Burden

One of the most crucial points for affected investors is that there will be no out-of-pocket costs to participate. If you qualify as a class member, you may receive compensation without having to pay any legal fees upfront.

Why Choose Levi & Korsinsky?

The firm has established a strong reputation over the past 20 years, securing hundreds of millions of dollars in settlements for wronged shareholders. With a dedicated team of more than 70 professionals, Levi & Korsinsky specializes in handling complex securities litigation, contributing to its recognition as one of the top firms in the United States for this type of legal action, as noted by ISS Securities Class Action Services.

Contact Information

For more details or to discuss your situation directly, you've been encouraged to reach out to Joseph E. Levi, Esq. via email at [email protected] or by phone at (212) 363-7500. Taking proactive steps now can greatly impact your potential recourse in this significant legal matter surrounding Celsius Holdings.

As the January 21, 2025, deadline approaches, impacted investors should stay informed and consider their options carefully. This legal development could play a crucial role in the recovery of losses due to the alleged fraudulent actions within Celsius Holdings.