#United States #San Diego #Robbins LLP #Celsius Holdings #Stockholders Rights

Celsius Holdings Class Action: A Call to Action for Affected Investors

Celsius Holdings, Inc. (NASDAQ: CELH), a prominent player in the energy drink and liquid supplement market, has become the center of a significant class action lawsuit filed by Robbins LLP. This lawsuit is particularly relevant for stockholders who purchased shares between February 29 and September 4, 2024. The notice serves as a crucial reminder for affected investors to seek legal counsel and protect their interests.

The allegations underpinning the class action contend that Celsius Holdings misrepresented its business health and growth potential. Specifically, it is claimed that the company oversold its inventory to PepsiCo, leading to an unsustainable sales model. The complaint suggests that as Pepsi began reducing its purchases due to excess inventory, Celsius's financial outlook drastically worsened, causing stock prices to plummet once the truth was revealed. This could have serious implications for investors who relied on inflated sales figures to make their investment decisions.

Understanding the Allegations

The core of the lawsuit emphasizes several key points:
1. Inventory Mismanagement: Celsius purportedly oversold products to Pepsi beyond demand. This systemic issue indicated that their growth could not be sustained long-term.
2. Sales Decline: As Pepsi began to cut back on orders, Celsius faced a notable decline in sales, contradicting the optimistic messages previously relayed to shareholders.
3. Misleading Financial Performance: The lawsuit argues that Celsius painted an inaccurately rosy picture of its financial health, leading investors to make decisions based on unreliable data.

When these discrepancies came to light, it triggered a significant downturn in the company’s stock price, severely impacting numerous investors who faced substantial financial losses.

Investor Guidance and Steps Forward

Investors impacted by these developments have a crucial opportunity to engage in the class action. Those wishing to take on a leadership role in the suit must submit their application to the court by January 21, 2025. A lead plaintiff serves as a representative to inform litigation strategy on behalf of their peers, helping to drive the case forward. However, participation is not mandatory for recovery; shareholders can still stand to receive financial compensation by remaining absent from active proceedings.

Robbins LLP operates on a contingency fee basis, meaning shareholders face no upfront fees or expenses. This mechanism is designed to make the legal process more accessible for those who may be deterred by traditional costs associated with litigation.

About Robbins LLP

Established in 2002, Robbins LLP has built a reputation as a leader in shareholder rights litigation, having successfully obtained over $1 billion in settlements for investors. The firm is not just a release issuer; it actively litigates securities class actions and is committed to promoting better corporate governance and accountability among company executives. Their experienced attorneys can help navigate the complex landscape of shareholder rights and ensure investors can recover losses effectively.

Conclusion

For Celsius Holdings shareholders who have experienced significant financial losses, now is the moment to consider your options. Collaborating with Robbins LLP could be an essential step in recovering losses from the alleged misrepresentation of business practices highlighted in the class action. Whether you prefer to be an active participant or an absent member of the class, it is crucial to be informed and take appropriate action to safeguard your financial investments.

For further details, interested stockholders can reach out via the firm’s website or call their dedicated hotline for personalized guidance. The protection of shareholder rights is vital, and every supporting action counts in ensuring accountability within corporate practices.