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

Celsius Holdings, Inc. Accused of Securities Violations

Celsius Holdings, Inc. (NASDAQ: CELH) is currently embroiled in a class action lawsuit initiated by The Gross Law Firm. This legal action has been launched on behalf of shareholders who acquired CELH stock within a specified timeframe, raising serious allegations of securities law violations. The firm encourages all affected shareholders who purchased their shares during the class period of February 29, 2024, to September 4, 2024, to reach out to them for more information regarding their rights and possible participation in the case.

Key Allegations

The lawsuit outlines several significant allegations against Celsius Holdings and its management:

• - Misleading Statements: It claims that the company made materially false and misleading statements about its business prospects and operations. This misrepresentation led investors to have an inflated view of the company’s performance and market position.
• - Market Manipulation: Allegedly, Celsius facilitated a manipulation of its stock price, allowing certain executives and insiders to profit handsomely. Specific details indicate that over 21.6 million shares were sold at inflated prices, resulting in proceeds exceeding $1.4 billion for these individuals.
• - Investor Damage: The suit contends that as a result of the alleged deceptive practices, shareholders purchased CELH stock at distorted prices, leading to significant financial losses when the truth about the company's operations was revealed to the public.

Important Dates and Next Steps

Shareholders interested in joining the class action are prompted to act swiftly, especially considering the looming deadline of January 21, 2025, to register as a participant in the case. Prospective litigators are urged to visit the designated website to secure their registration. Participants will benefit from portfolio monitoring services provided by The Gross Law Firm, which will keep them updated on the legal proceedings as they unfold.

Commitment to Justice

The Gross Law Firm is known for its robust track record in handling class action lawsuits. The firm emphasizes its commitment to fighting for the rights of investors who have been victimized by deceptive conduct or fraudulent practices by corporations. Their mission is to promote accountability among companies to safeguard investors from similar injustices in the future without any legal fees unless recovery is achieved.

Conclusion

As the allegations against Celsius Holdings unfold, affected shareholders are encouraged to stay informed and participate in this significant legal action. The results of this lawsuit could not only impact the shareholders financially but may also serve as a broader warning to other corporations regarding the repercussions of unethical business conduct. For more details or to register, interested parties should consult The Gross Law Firm’s website without delay.