Celsius Holdings Investors Notified of Class Action Deadline Set for January 2025

Celsius Holdings Class Action Update



Levi & Korsinsky, LLP, a well-known law firm specializing in securities litigation, has issued a notification to investors of Celsius Holdings, Inc. regarding an upcoming class action lawsuit. The lawsuit is seeking to recover losses incurred by investors affected by alleged securities fraud during a specific time frame, from February 29, 2024, to September 4, 2024.

Background of the Lawsuit


The class action lawsuit targets Celsius Holdings, which trades under NASDAQ ticker CELH. Investors have raised significant concerns regarding misleading statements made by the company about its business prospects, resulting in inflated stock prices that led many to invest at excessive valuations. Over 21.6 million shares, worth approximately $1.4 billion, were allegedly sold by insiders at these inflated prices. The complaint outlines how these practices harmed investors who purchased stock under false pretenses.

Timeline and Important Dates


Investors interested in joining the class action have until January 21, 2025, to apply for appointment as lead plaintiff. It's important to note that participation in the lawsuit does not necessitate taking on this role. Eligible investors will have the opportunity to pursue financial compensation without incurring any out-of-pocket fees, as the costs will be covered by the outcomes of the case.

What Should Affected Investors Do?


Affected investors have the option to reach out for more information about the lawsuit or to express their interest in joining. Levi & Korsinsky has established a user-friendly process for potential claimants to formally register their participation. Interested parties may contact attorney Joseph E. Levi via email or phone for personalized assistance regarding their situation and to ensure they are adequately represented in the ongoing litigation process.

Levi & Korsinsky's Reputation and Expertise


With a strong track record spanning over the past two decades, Levi & Korsinsky has successfully recovered hundreds of millions of dollars for shareholders affected by securities lawsuits. The firm prides itself on its extensive experience in navigating complex securities litigation, supported by a dedicated team of over 70 professionals. Their continued recognition as a top firm by ISS Securities Class Action Services highlights their commitment to effective advocacy on behalf of investors across the United States.

Conclusion


As this case unfolds, it will be vital for Celsius Holdings investors to stay informed and seek any potential recourse that may be available to them. Regulatory scrutiny and the pressures of securities fraud allegations underscore the importance of vigilance and legal guidance in today's financial landscape. Those affected should act promptly and utilize the resources offered by Levi & Korsinsky to maximize their chances of recovery. For more details, investors can visit the firm’s official website or the direct link provided in the notification.

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Topics Financial Services & Investing)

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