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Celsius Holdings Shareholder Alert: Class Action Lawsuit Update

Investors holding shares in Celsius Holdings, Inc. (NasdaqCM: CELH) who experienced losses exceeding $100,000 during the period from February 29, 2024, to September 4, 2024, are being urged to take action as the lead plaintiff deadline in a significant class action lawsuit approaches. ClaimsFiler, a free service designed to assist shareholders in recovering their losses, has reminded affected investors that they must file their lead plaintiff applications by January 21, 2025.

The class action lawsuit is presently proceeding in the United States District Court for the Southern District of Florida and involves allegations against Celsius Holdings and certain executives for failing to disclose key financial information that materially affected the company’s market performance. ClaimsFiler encourages all potential plaintiffs to seek help and evaluate their legal options.

Understanding the Allegations

The lawsuit, named Shelby Township Police Fire Retirement System v. Celsius Holdings, Inc., et al., No. 24-cv-81472, outlines several serious accusations against the company:
1. Celsius Holdings allegedly over-sold its inventory to PepsiCo, Inc. in quantities that far exceeded actual market demand, which posed a risk of a sharp decline in sales when Pepsi significantly reduced its purchases.
2. As the oversold inventory began to be drawn down by Pepsi, Celsius’ sales reportedly faced a substantial decline, adversely impacting its overall financial outlook.
3. The former sales rate was characterized as unsustainable, creating a misleading portrayal of the company’s financial health and performance metrics during the class period.
4. Consequently, Celsius Holdings' assertive claims regarding its operational efficiency and future prospects were labeled as materially false or misleading.

This legal situation underscores critical concerns about corporate governance and the need for full transparency from public companies. Investors often depend on accurate information to make informed decisions, and any failure in this regard can lead to significant financial repercussions.

Action Steps for Investors

Affected investors are encouraged to act promptly to meet the filing deadline. They can visit ClaimsFiler's website to register and access necessary information or to connect with legal experts from the Kahn Swick & Foti law firm who can provide detailed evaluations of potential claims. Additionally, investors can call ClaimsFiler at toll-free (844) 367-9658 for further guidance.

As this lawsuit unfolds, it serves as a crucial reminder of investors' rights to seek restitution when companies fail to uphold responsibilities concerning shareholder interests. The ability to recover losses in instances of corporate misconduct is essential for maintaining trust and integrity within financial markets.

About ClaimsFiler

ClaimsFiler operates to assist retail investors in navigating class action lawsuits, providing them with vital assistance in recovering funds from securities settlements. Their services include free registration for accessing information on various securities class action cases, timely notifications about relevant claims based on an investor’s portfolio, and free evaluations for legal representation options.

To learn more about the available resources, visit www.claimsfiler.com.

By staying informed and taking timely action, investors can increase their chances of successfully filing claims and recovering losses incurred during impactive events such as those being faced by Celsius Holdings.