#United States #New York #Levi & Korsinsky #Celsius Holdings #NASDAQ CELH

Investors Alert: Join the Celsius Holdings Class Action

On January 3, 2025, Levi & Korsinsky, LLP announced a significant opportunity for investors affected by Celsius Holdings, Inc. (NASDAQ: CELH) to participate in a class action lawsuit. This legal action aims to recoup losses incurred from alleged securities fraud that took place between February 29, 2024, and September 4, 2024.

Background of the Case

According to the announcement, the lawsuit has been filed on behalf of investors who believed in the legitimacy of Celsius’ business practices. It is claimed that the company made several misleading statements and failed to disclose crucial information that inflated the value of its stock. This deception reportedly enabled some insiders to greatly benefit by selling large volumes of shares at these artificially inflated prices, resulting in over $1.4 billion in proceeds.

The allegations highlight the following key points:
1. Deceptive Practices: Celsius is accused of misleading the public regarding its business prospects and financial health.
2. Market Manipulation: The lawsuit alleges that the defendants manipulated the stock price, causing substantial losses for investors once the truth was revealed.
3. Insider Profit: More than 21.6 million shares of Celsius common stock were sold by insiders, leading to significant financial gain at the expense of regular investors.

These actions have raised severe concerns among shareholders regarding the integrity of Celsius’ management and its operational transparency.

Who Should Join?

If you experienced a financial loss as a result of investing in Celsius during the stipulated timeframe, experts advise that now is the time to act. You have until January 21, 2025, to request the Court appoint you as lead plaintiff. Even if you do not serve as lead plaintiff, your ability to participate in any potential recovery remains intact, emphasizing that individuals can still benefit from this legal action without the burden of upfront costs.

No Financial Risk to Participants

All class members can potentially receive compensation for their losses without incurring any out-of-pocket expenses. Levi & Korsinsky emphasizes that joining the lawsuit involves no financial obligation to participate, making it accessible for affected investors.

Why Choose Levi & Korsinsky?

Levi & Korsinsky boasts two decades of experience in securities litigation, securing millions for shareholders in various cases. The firm has been recognized as one of the top securities litigation firms in the United States by ISS Securities Class Action Services for seven consecutive years. Their dedicated team comprises over 70 professionals ready to assist investors in reclaiming their losses.

How to Get Involved

Investors are encouraged to gather more information and initiate their involvement by visiting Levi & Korsinsky’s webpage directly. Interested parties can also contact attorney Joseph E. Levi via email or phone to discuss their rights and options further.

This class action presents a critical opportunity for investors who believe they have been wronged by Celsius Holdings to take a stand and seek justice. The upcoming deadline of January 21, 2025, serves as a firm reminder for those affected to act decisively.

For more information, contact Levi & Korsinsky at:

• - Email: [email protected]
• - Phone: (212) 363-7500
• - Address: 33 Whitehall Street, 17th Floor, New York, NY 10004.

Stay informed and consider participating in this essential legal action for the protection of your investment rights.