Celsius Holdings, Inc. Investors Urged to Join Class Action Lawsuit Ahead of Deadline

Important Update for Celsius Holdings, Inc. Investors

Celsius Holdings, Inc., a notable player in beverage innovation, is currently facing legal challenges that have led the Rosen Law Firm to remind investors about an important upcoming deadline. If you purchased common stock between February 29, 2024, and September 4, 2024, you might have the opportunity to join a class action lawsuit aiming to address allegations of securities fraud against the company.

What You Need to Know

The class action lawsuit has been initiated due to claims that Celsius Holdings may have significantly misrepresented its business performance to shareholders. The Rosen Law Firm has set a January 21, 2025 deadline for investors who intend to serve as lead plaintiffs in the case. A lead plaintiff is an investor who acts on behalf of other shareholders in the legal proceedings and has a vital role in directing the litigation.

Potential Compensation for Investors

Investors participating in this lawsuit may be eligible for compensation, and they won’t incur any out-of-pocket costs through a contingency fee arrangement with the law firm. This means that eligible investors can partake in the lawsuit without financial burden, allowing them to seek justice regarding the alleged wrongdoing.

How to Join the Class Action

Eligible investors interested in joining the Celsius class action lawsuit can do so by visiting this link. Alternatively, they can reach out to Phillip Kim, a representative from Rosen Law Firm, via phone at 866-767-3653 or by email at [email protected]. It’s imperative for those wishing to be lead plaintiffs to submit their applications by the specified deadline.

Background of the Allegations

The securities fraud allegations arise from a series of misleading statements purportedly made by Celsius during the class period. Notably:
1. Celsius allegedly oversold inventory to PepsiCo, far exceeding actual demand.
2. There are claims that a financial cliff was looming, where Pepsi would drastically cut down its purchases, impacting Celsius's sales and revenue.
3. Misleading communication from Celsius about its sales rate and financial health may have created a false impression of stability among investors.
4. The disclosure of these issues—once they became public knowledge—resulted in substantial financial damages to Celsius investors.

Why Trust the Rosen Law Firm?

Investors are encouraged to choose legal representation carefully. The Rosen Law Firm boasts a strong history of success in securities class actions, holding the top rank in the number of settlements in the past years. The firm has recovered significant funds for investors, affirming their reliability and experience in such litigations.

Important Considerations

Investors should be aware that the class hasn't been officially certified yet. Therefore, unless they choose to engage with counsel, they are not represented by anyone in the ongoing legal proceedings. However, they retain the option to remain part of the class without taking any action. Engaging as a lead plaintiff doesn’t dictate the potential to recover in any future agreements, so interested parties should assess their own circumstances carefully.

Conclusion

For Celsius Holdings, Inc. investors, the upcoming deadline to join the class action lawsuit is a crucial opportunity to seek recourse for the financial impacts attributed to the company's alleged misinformation. By acting promptly and choosing the right legal representation, shareholders can ensure their rights are upheld. Follow updates from the Rosen Law Firm for ongoing developments in this influential case.