#United States #New York #Class Action #Levi & Korsinsky #Celsius Holdings

Celsius Holdings, Inc. Class Action Notice

Celsius Holdings, Inc., traded under NASDAQ as CELH, is currently in the spotlight due to a class action securities lawsuit. Levi & Korsinsky LLP, a reputable law firm noted for their expertise in representing aggrieved shareholders, is alerting affected investors about this legal action. The lawsuit claims to address significant losses incurred by investors as a result of alleged securities fraud that occurred between February 29, 2024, and September 4, 2024.

Class Action Overview

The essence of the lawsuit revolves around accusations that Celsius Holdings misled investors regarding its financial health and future prospects. The complaint contends that Celsius inflated its stock price artificially, which allowed certain insiders—executives and directors—to profit greatly by selling off their shares at these inflated prices, totaling over $1.4 billion from the sales of more than 21.6 million shares. This manipulation allegedly led the investors to purchase Celsius shares at prices that did not reflect the company’s real value, ultimately causing significant financial harm once the truth was unveiled.

The specific allegations point out that the defendants not only provided inaccurate representations about the company’s business model and growth projections but also obscured critical information that could have affected an investor's decision-making. The ramifications of these actions led many shareholders to find themselves at a considerable financial loss by the time the situation unraveled.

What Affected Investors Should Do

For those who experienced losses during the identified period, there is a narrow window of opportunity. Investors are encouraged to act swiftly, as they have until January 21, 2025, to petition the court to appoint them as lead plaintiff in this class action. Although being appointed as a lead plaintiff may come with additional responsibilities, affected shareholders do not need to take on this role to be eligible for any compensation resulting from the lawsuit.

Moreover, there are no out-of-pocket costs for individual investors wishing to participate in the lawsuit; the firm operates on a contingency basis, ensuring that all eligible claimants can seek justice without upfront payments.

Why Go with Levi & Korsinsky?

Levi & Korsinsky LLP has built a robust reputation over the last two decades, successfully recovering hundreds of millions for investors and being recognized consistently among the top litigation firms in the U.S. This experience, combined with the firm’s dedicated team of over 70 professionals, positions it well to handle intricate securities fraud cases like that against Celsius Holdings.

The firm invites all investors affected by the recent events involving Celsius Holdings to reach out directly via email or by phone. By doing so, investors can gain clarity on their rights and potential compensation avenues regarding their losses. Interested parties can also use the following link for more detailed information and to begin the submission process: Celsius Holdings Securities Lawsuit.

Contact Information

For further inquiries or to participate in the class action, investors can contact:

• - Joseph E. Levi, Esq.
• - Tel: (212) 363-7500
• - Email: info@zlk.com

Address: 33 Whitehall St., 17th Floor, New York, NY 10004

Affected investors have a crucial opportunity to reclaim their losses and ensure that accountability prevails within the financial ecosystem. Taking action is a vital step toward regaining what has been lost. Together, shareholders can work towards a resolution that holds those responsible accountable and potentially restores their investments.