Investors of Celsius Holdings Have Chance to Lead Class Action Lawsuit Amidst Financial Decline
Celsius Holdings Class Action Lawsuit Overview
Celsius Holdings, Inc. (NASDAQ: CELH) is currently facing substantial scrutiny as investors who purchased the company's common stock between February 29, 2024, and September 4, 2024, find themselves with significant damages. Robbins Geller Rudman & Dowd LLP has announced that these investors have until January 21, 2025, to step forward to be appointed as lead plaintiffs in a class action lawsuit against Celsius Holdings. This legal action accuses the company and select top executives of failing to comply with the Securities Exchange Act of 1934.
Background on the Case
Celsius, which specializes in energy drinks and liquid supplements, is alleged to have significantly oversold its inventory to PepsiCo, overstating the company's demand and future performance. During the specified
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