Legal Alert: Join the Class Action Suit Against Celsius Holdings by January 21, 2025
On December 6, 2024, law firm Levi & Korsinsky, LLP announced a significant class action lawsuit aimed at protecting investors of Celsius Holdings, Inc. (NASDAQ: CELH). The lawsuit focuses on allegations of securities fraud that negatively impacted Celsius investors during a specified timeframe from February 29, 2024, to September 4, 2024. Levi & Korsinsky seeks to recover losses incurred by shareholders who purchased Celsius stock at inflated prices due to allegedly misleading claims made by the company regarding its business prospects.
According to the filed complaint, Celsius had purportedly made a series of false statements and engaged in actions that concealed crucial facts about its operations and market position. The lawsuit alleges that these misrepresentations led to a significant inflation of the company's stock price, thereby benefitting certain insiders who sold over 21.6 million shares at these inflated prices, yielding more than $1.4 billion in proceeds. This action ultimately left numerous investors in a vulnerable position, suffering considerable financial losses as the truth about Celsius's operations came to light.
Eligible investors who experienced monetary losses due to Celsius's activities are given a window until January 21, 2025, to join the class action and potentially serve as lead plaintiffs. Importantly, participating in this lawsuit poses no financial cost to class members, who might be entitled to compensation without having to pay upfront costs or fees. Interested parties can fill out a submission form via a provided link, or directly reach out to attorney Joseph E. Levi at his office if they require personal consultation regarding this matter.
With over two decades of experience, the legal professionals at Levi & Korsinsky have established a track record of securing vast monetary recoveries for shareholders, making them one of the leading firms in the realm of securities litigation. The firm consistently appears in the top rankings for securities cases, having received recognition for its commitment to forming a strategy that effectively represents investor rights against enterprises that undertake deceitful practices. Their dedicated team of over 70 members is well-equipped to tackle complex claims and advocate aggressively on behalf of affected shareholders.
Investors in Celsius who wish to take action can connect with Levi & Korsinsky through the following contact details:
As the deadline approaches, it remains crucial for investors to assess their situations and consider taking part in the class action lawsuit to seek justice for their investments. Joining forces in this legal endeavor could provide a necessary avenue for recovery against the misconduct alleged in this case.
Case Details
According to the filed complaint, Celsius had purportedly made a series of false statements and engaged in actions that concealed crucial facts about its operations and market position. The lawsuit alleges that these misrepresentations led to a significant inflation of the company's stock price, thereby benefitting certain insiders who sold over 21.6 million shares at these inflated prices, yielding more than $1.4 billion in proceeds. This action ultimately left numerous investors in a vulnerable position, suffering considerable financial losses as the truth about Celsius's operations came to light.
Implications for Investors
Eligible investors who experienced monetary losses due to Celsius's activities are given a window until January 21, 2025, to join the class action and potentially serve as lead plaintiffs. Importantly, participating in this lawsuit poses no financial cost to class members, who might be entitled to compensation without having to pay upfront costs or fees. Interested parties can fill out a submission form via a provided link, or directly reach out to attorney Joseph E. Levi at his office if they require personal consultation regarding this matter.
Why Choose Levi & Korsinsky?
With over two decades of experience, the legal professionals at Levi & Korsinsky have established a track record of securing vast monetary recoveries for shareholders, making them one of the leading firms in the realm of securities litigation. The firm consistently appears in the top rankings for securities cases, having received recognition for its commitment to forming a strategy that effectively represents investor rights against enterprises that undertake deceitful practices. Their dedicated team of over 70 members is well-equipped to tackle complex claims and advocate aggressively on behalf of affected shareholders.
Contact Information
Investors in Celsius who wish to take action can connect with Levi & Korsinsky through the following contact details:
- - Office Address: 33 Whitehall Street, 17th Floor, New York, NY 10004
- - Phone: (212) 363-7500
- - Email: email protected]
- - Website: [www.zlk.com
As the deadline approaches, it remains crucial for investors to assess their situations and consider taking part in the class action lawsuit to seek justice for their investments. Joining forces in this legal endeavor could provide a necessary avenue for recovery against the misconduct alleged in this case.
Topics Financial Services & Investing）
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