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

Celsius Holdings, Inc. Under Legal Scrutiny

In a significant development for investors, The Gross Law Firm has announced the filing of a securities class action lawsuit on behalf of shareholders of Celsius Holdings, Inc. (NASDAQ: CELH). This action comes in response to allegations regarding misleading statements made by the company, which potentially inflated its stock price.

Background of the Case

The class action focuses on shareholders who purchased shares during the specified class period, from February 29, 2024, to September 4, 2024. Allegations indicate that Celsius management misrepresented the company's business prospects and failed to disclose critical information that may have influenced stock prices. This maneuver reportedly allowed key insiders to sell off substantial amounts of their stock at these inflated prices.

Specifically, over 21.6 million shares were sold by certain executives and directors, leading to a staggering total of $1.4 billion in proceeds. The lawsuit posits that these deceptive practices led investors to purchase Celsius stock at artificially inflated values and subsequently suffer financial losses once the truth emerged.

Details for Shareholders

Shareholders are encouraged to act promptly. The deadline for registering to participate as a lead plaintiff in the class action is January 21, 2025. According to the law firm, registering as a plaintiff is optional for those who simply seek to recover their losses.

Once registered, shareholders will gain access to a portfolio monitoring service. This service ensures they receive ongoing updates about the case's status, equipping them with essential information as the legal process unfolds. Interested investors can easily register their information via the law firm's dedicated class action site.

Why Choose The Gross Law Firm?

The Gross Law Firm is nationally recognized as a leader in class action litigation, particularly focusing on securities cases. Their mission revolves around safeguarding investors who have fallen victim to corporate deceit and unethical business practices. The firm aims to hold companies accountable for their actions, ensuring they operate ethically in the marketplace.

Conclusion

For Celsius Holdings shareholders, this lawsuit represents a crucial opportunity to reclaim lost investments linked to the alleged fraudulent activities of its management. As fund recovery processes begin, affected investors should stay informed and consider engaging with legal counsel to protect their financial interests. The Gross Law Firm remains committed to advocating for the rights of investors nationwide, ensuring that those affected by misleading corporate actions receive the justice they deserve.

For more information, potential plaintiffs can contact The Gross Law Firm directly.

Contact The Gross Law Firm for assistance.