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Class Action Lawsuit Update: Celsius Holdings, Inc.

As of December 18, 2024, Kessler Topaz Meltzer & Check, LLP has issued a crucial reminder to investors regarding a class-action lawsuit involving Celsius Holdings, Inc. (NASDAQ: CELH). This legal action is pertinent for those individuals who acquired Celsius common stock between February 29, 2024, and September 4, 2024. The lead plaintiff submission deadline is set for January 21, 2025.

Overview of Allegations

The lawsuit raises significant concerns about allegations of securities fraud stemming from misleading statements made by Celsius during the class period. Investors claim that Celsius inflated its financial outlook by making false representations regarding its sales performance and inventory management. Specifically, the complaint contends that:

1. Overstock to Pepsi: Celsius reportedly oversold its inventory to Pepsi, far exceeding the actual market demand. This practice resulted in an impending sales decline as Pepsi was expected to significantly cut back on its purchases.
2. Future Sales Decline: As Pepsi reduced its inventory, Celsius faced forecasts of substantial decreases in future sales, which would in turn harm the company's financial performance.
3. Unsustainable Sales Rate: The high sales figures to Pepsi were not sustainable, leading to a misleading perception of Celsius's overall financial health.
4. Misrepresentation of Financial Metrics: Throughout the class period, Celsius's business metrics and future outlook were misrepresented, creating a false narrative about the company's financial stability.

The ramifications of these practices could deeply affect the company's valuation, leaving investors facing significant losses.

The Lead Plaintiff Process

Investors who suffered financial losses due to Celsius’s alleged misrepresentation have until January 21, 2025, to apply for lead plaintiff status. Acting as a lead plaintiff involves overseeing the litigation on behalf of all affected investors. Typically, those with the most significant financial interests in the case and who represent the broader investor class are selected. Importantly, the outcome for individual investors remains the same, regardless of whether they choose to pursue lead plaintiff status or not.

Individuals interested in learning more or participating in the lawsuit can reach out to Kessler Topaz Meltzer & Check, LLP directly or seek guidance through their legal representatives. Participation in the case can be pivotal in holding Celsius responsible for the purported misdeeds.

Kessler Topaz Meltzer & Check, LLP

This law firm has built a reputation for handling such class-action lawsuits, striving to protect investors, ensure accountability for corporate misconduct, and recover losses for those wronged by fraudulent activities. They emphasize the importance of informing investors about their rights in the face of corporate accountability.

For more information regarding the Celsius Holdings lawsuit, including details on how to sign up or participate, potential class members can visit Kessler Topaz Meltzer's website or directly contact attorney Jonathan Naji at (484) 270-1453, or at [email protected]

In summary, the allegations against Celsius Holdings, Inc. underscore the importance of vigilance in the market and the need for investors to act promptly when informed about potential legal actions that may affect their investments.