#USA #New York #Class Action #Celsius Holdings #Levi Korsinsky

Celsius Holdings Inc. Class Action Alert

Levi & Korsinsky, LLP has issued an important notice for investors in Celsius Holdings, Inc. (NASDAQ: CELH). If you hold shares in Celsius and believe you were impacted by potential securities fraud, there's a critical deadline approaching. The firm is notifying all investors that a lead plaintiff deadline has been set for January 21, 2025, regarding a class action lawsuit focused on allegations of misleading statements and financial mismanagement by Celsius Holdings.

Background of the Lawsuit

The class action lawsuit alleges that from February 29, 2024, to September 4, 2024, Celsius made false statements or concealed information that significantly misrepresented the company’s financial health and business prospects. More specifically, the complaint claims that the company deceived investors about its performance. Furthermore, it is reported that Celsius's common stock was artificially inflated, allowing certain insiders to sell off 21.6 million shares at inflated prices, collectively grossing over $1.4 billion.

What This Means for Investors

Investors who may have lost money during the specified period are encouraged to seek the ability to join the lawsuit. To be considered as a lead plaintiff, you must formally request appointment by the court before the deadline of January 21, 2025. However, it is also essential to note that participation in any recovery from the lawsuit does not necessitate being a lead plaintiff.

This class action is significant because it highlights potential corporate wrongdoing and aims to provide shareholders a pathway to recover losses incurred during a period of alleged deception. If you believe you are eligible, you should not hesitate to take action.

No Cost to Join

For affected Celsius investors, there is no out-of-pocket cost to participate in this class action. Levi & Korsinsky—known for having secured hundreds of millions of dollars for aggrieved shareholders—will cover all legal fees. Class members are entitled to compensation without any obligation or costs. The firm’s extensive experience in securities litigation is underlined by its position, recognized as one of the top firms in this domain by ISS Securities Class Action Services for seven consecutive years.

How to Proceed

If you are a Celsius shareholder who suffered a loss during the relevant timeline and wish to join the lawsuit, you can find further details and submit your request through the official Levi & Korsinsky website:
Levi Korsinsky - Celsius Class Action Submission

Alternatively, for direct inquiries, contact Joseph E. Levi, Esq. via email at [email protected] or by phone at (212) 363-7500.

Final Thoughts

This class action lawsuit serves as a wake-up call for investors in Celsius Holdings, Inc. Those affected have the opportunity to hold the company accountable for its actions. To maximize recovery, make sure to act before January 21, 2025, as this deadline is crucial for all impacted shareholders.

By staying informed and engaged, investors can actively participate in ensuring justice regarding their investments in Celsius Holdings. Don't miss out on this opportunity to seek recompense for any losses suffered during this tumultuous period for the company.