#United States #New York #Class Action #Securities Fraud #Celsius Holdings

Celsius Holdings Class Action Notice

On January 7, 2025, Levi & Korsinsky, LLP announced a critical call to action for investors in Celsius Holdings, Inc. (NASDAQ: CELH). This notice pertains to a class action securities lawsuit that is currently being filed on behalf of investors impacted by alleged fraudulent activities. The lawsuit specifically addresses those who suffered losses between February 29, 2024, and September 4, 2024.

Overview of Allegations

The lawsuit outlines several serious allegations against Celsius Holdings and its executives. According to the filed complaint, the defendants are accused of the following:
1. Misleading Public Statements: Celsius allegedly deceived the investing public about its business prospects and operational conditions, contributing to a market distortion of its stock price.
2. Price Inflation: The company is said to have artificially inflated its common stock price, allowing certain executives and insiders to sell off shares at inflated valuations.
3. Significant Insider Profits: Reports indicate that Celsius insiders sold over 21.6 million shares, netting them approximately $1.4 billion in profits, which has raised questions regarding their ethical obligations to shareholders.
4. False Purchases: As a result of these manipulations, plaintiffs and other class members are alleged to have purchased Celsius stock at inflated prices, thereby incurring significant financial damages when the reality of the company's condition became apparent.

Next Steps for Affected Investors

Investors who have experienced losses during the relevant timeline are strongly encouraged to take action. They must submit a request to have the court appoint them as lead plaintiff by the January 21, 2025 deadline. Notably, participating in this class action does not require individuals to be appointed as lead plaintiffs to share in any potential recovery.

No Financial Burden on Participants

Importantly, there are no out-of-pocket costs for class members who opt to participate in the lawsuit. If you belong to the affected class, you might be entitled to compensation for your losses without any financial commitment upfront.

Why Choose Levi & Korsinsky?

Levi & Korsinsky has a well-established history in representing aggrieved shareholders and has successfully recovered hundreds of millions of dollars over the last two decades. With a dedicated team of over 70 professionals, the firm specializes in complex securities litigation, consistently ranking among the top securities litigation firms in the United States as per ISS Securities Class Action Services.

For those wishing to join this legal action or to inquire further, please reach out directly to Levi & Korsinsky:

• - Contact Person: Joseph E. Levi, Esq.
• - Email: [email protected]
• - Phone: (212) 363-7500

Conclusion

Investors in Celsius Holdings, Inc. should be proactive in ensuring their interests are protected. With a rich history of securing justice for shareholders, Levi & Korsinsky stands ready to assist in navigating this class action lawsuit. Further details about submitting a claim can be found on their official website. Stay informed and take action before the deadline!