#United States #New York #Class Action #Gross Law Firm #Celsius Holdings

Class Action Alert: Celsius Holdings, Inc.

The Gross Law Firm, a reputable national class action law firm, has issued a crucial announcement directed at shareholders of Celsius Holdings, Inc. (NASDAQ: CELH). Those who purchased shares during a specified class period are urged to take action before the deadline of January 21, 2025, to join an ongoing class action lawsuit.

Background of the Case

The lawsuit is centered around allegations that Celsius Holdings engaged in deceptive practices that misled investors about the company’s true business prospects. The accusations detail that during the class period from February 29, 2024, to September 4, 2024, the defendants—whether company officials or insiders—failed to disclose critical information that would have influenced shareholders’ decisions. Specifically, it is claimed that:

1. Misleading Statements: The company presented materially false information regarding its growth and operational performance to the investment community, leading to inflated stock prices.
2. Insider Trading: Insiders took advantage of this situation by selling more than 21.6 million shares at these artificially inflated prices, netting over $1.4 billion in gains.
3. Financial Damage: As a result, many shareholders purchased Celsius common stock at these inflated prices and incurred substantial losses when the truth about the company's actual business health became public.

Important Deadlines

To be eligible for this class action lawsuit, affected shareholders must register by January 21, 2025. The Gross Law Firm has emphasized that while individuals can seek to be appointed as lead plaintiffs, doing so is not mandatory for participation in any potential recovery. Shareholders can find the registration form and further details on the Gross Law Firm's official website.

Next Steps for Shareholders

Once registered, shareholders will be enrolled in a portfolio monitoring system designed to keep them informed about the case developments. This system will provide timely updates on the progress of the class action and any related proceedings. The registration process incurs no costs or obligations, making it a vital step for those who have suffered due to the alleged misconduct.

Why Choose The Gross Law Firm?

The Gross Law Firm is widely recognized for its commitment to protecting investors’ rights. Their mission encompasses aiding individuals who have faced losses due to fraud, falsehoods, or illegal business practices. The firm advocates for corporate accountability and strives to uphold ethical standards within the business community. By participating in this lawsuit, investors are standing against misleading practices and seeking justice for their financial setbacks.

Contact Information

For those interested in learning more or registering for this class action, contact the Gross Law Firm at:

• - Address: 15 West 38th Street, 12th Floor, New York, NY, 10018
• - Phone: (646) 453-8903
• - Email: [email protected]

Stay proactive in securing your rights as an investor and consider joining this significant legal action against Celsius Holdings, Inc. Act now to avoid missing the critical deadline of January 21, 2025.

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