#United States #New York #Gross Law Firm #Celsius Holdings #Securities Laws

Celsius Holdings Faces Legal Trouble Over Securities Violations

Celsius Holdings, Inc., the well-known energy drink company, is in the spotlight due to a recent class action lawsuit alleging violations of securities law. This legal action has prompted The Gross Law Firm to issue a notice urging investors who purchased shares of Celsius (NASDAQ: CELH) during a specified period to come forward and discuss their rights.

Allegations Against Celsius Holdings

The lawsuit claims that during the class period from February 29, 2024, to September 4, 2024, Celsius Holdings made misleading statements that significantly impacted the stock's market performance. The allegations include:

1. Deceptive Practices: Celsius allegedly misled the investing public regarding its prospects and overall business condition, impacting shareholders' perceptions.
2. Artificial Price Inflation: The company is accused of artificially inflating the market price of its common stock, allowing certain insiders to sell their shares at opportune, inflated prices.
3. Insider Profits: Reports indicate that certain officers and directors profited immensely, divesting over 21.6 million shares for more than $1.4 billion collectively. This resulted in potential losses for standard investors who bought shares under false pretenses.
4. Substantial Damages: The actions taken by Celsius may have led investors to suffer damages as true facts regarding the company were revealed, shaking investor confidence and impacting the stock price negatively.

Important Deadlines for Shareholders

Shareholders who purchased CELH shares during the class period are encouraged to act swiftly. The deadline to elect a lead plaintiff in this action is January 21, 2025. Interested parties can register through The Gross Law Firm's dedicated registration page, where they will also gain access to continuous updates regarding the progress of the case.

Why You Should Consider Joining the Class Action

It's essential for Celsius shareholders to understand their rights, especially when significant financial stakes are involved. Joining this class-action lawsuit offers several advantages:

• - Legal Support: Investors can leverage legal expertise to navigate the complexities of the case.
• - Monitoring Services: Once registered, shareholders will benefit from portfolio monitoring services, ensuring they stay informed about relevant developments.
• - No Commitment Required: Participation in the class action does not require any financial obligation from shareholders, representing an opportunity to potentially recover losses incurred due to the alleged misconduct.

The Role of The Gross Law Firm

The Gross Law Firm has positioned itself as a significant player in class action lawsuits, focusing on safeguarding investors' rights against corporate misconduct. With a mission centered around accountability, the firm aims to ensure that companies adhere to ethical business practices. By taking action, investors may help hold Celsius Holdings accountable for any missteps that may have impacted their investments.

Final Thoughts

The situation with Celsius Holdings serves as a reminder of the importance of transparency in the corporate world. For shareholders who believe they were affected by the alleged violations, consulting with The Gross Law Firm before the deadline could be a crucial step towards recouping losses. As the January 21, 2025 deadline approaches, it is vital for stakeholders to act quickly and secure their legal standing before engaging in the potential recovery process. As always, informed investors make for proactive participants in their financial futures.