#United States #New York #Levi & Korsinsky #Celsius Holdings #PAC Group

Significant Legal Action for Celsius Investors

On January 10, 2025, Levi & Korsinsky, LLP, a prominent law firm based in New York, announced the opportunity for investors in Celsius Holdings, Inc. (NASDAQ: CELH) to participate in a class action lawsuit. This legal action aims to address alleged securities fraud that purportedly affected shareholders between February 29, 2024, and September 4, 2024. With a deadline set for January 21, 2025, affected investors are urged to take action to potentially recover losses related to their holdings in the company.

Background of the Case

The class action lawsuit claims that Celsius misled the public regarding its business prospects, contributing to an artificial inflation of its stock price. According to the complaint, key officers and insiders of the company sold off substantial amounts of their stock—over 21.6 million shares—yielding profits exceeding $1.4 billion at inflated prices. This activity, allegedly conducted while the true state of the company's business was hidden from investors, has led to claims of significant financial harm when actual facts emerged.

Understanding the Allegations

Investors who faced losses due to the inflated stock prices are now presented with an opportunity for recourse through legal measures. The lawsuit sets out to recover these losses by holding Celsius accountable for its alleged misinformation and the subsequent financial damages incurred by its investors.

Levi & Korsinsky highlights that affected individuals should consider joining this suit, as participation could lead to compensation for their incurred damages without any upfront costs. The firm specifies that even if an investor does not assume the lead plaintiff role, they can still benefit from the outcome of the case if successful.

What Should Investors Do?

Investors who believe they have been negatively impacted by the alleged misconduct of Celsius Holdings should act swiftly, as the deadline for intervention is approaching. Those interested can find more information through the firm's official website or by contacting Joseph E. Levi, Esq., a representative of the firm. Legal counsel is available via email or phone to facilitate any inquiries and guide investors on the next steps.

Steps to Participate:

1. Contact Levi & Korsinsky: Reach out to the law firm through their provided contact methods to express interest in joining the suit.
2. Submit Information: Investors should complete any necessary forms to join the class action, ensuring they meet the deadline.
3. Stay Informed: Monitor updates from the firm regarding the progress and developments of the case.

Why Trust Levi & Korsinsky?

With over two decades of expertise in securities litigation, Levi & Korsinsky has established a robust track record, recovering hundreds of millions for aggrieved shareholders. The firm's extensive experience and specialized focus increase the likelihood of a successful outcome when representing investors in complex cases such as this.

For anyone considering participation in this legal action, it’s essential to evaluate the potential benefits of joining the class action, given Levi & Korsinsky’s solid reputation. Continuous communication regarding case proceedings will be critical for all participating investors.

Conclusion

In light of the unfolding situation for Celsius Holdings, affected investors are encouraged to assess their options and consider joining this class action suit. The engagement in such legal proceedings offers a path to potentially rectify financial losses stemming from the alleged fraudulent activities of the company. Prompt action before the January 21, 2025, deadline will be vital for those wishing to secure their rights as shareholders.