Celsius Holdings Class Action Alert: Investors Urged to File by Deadline

Celsius Holdings Class Action Alert

In a significant update for investors, ClaimsFiler, a leading shareholder information service, has issued a reminder regarding an important legal deadline tied to Celsius Holdings, Inc. Investors who have incurred losses exceeding $100,000 in Celsius Holdings are urged to take immediate action as the deadline for filing lead plaintiff applications in a class action lawsuit approaches. The deadline is set for January 21, 2025.

This class action case, currently pending in the United States District Court for the Southern District of Florida, stems from allegations that Celsius Holdings and certain executives failed to disclose material information to shareholders during a specified class period from February 29, 2024, to September 4, 2024.

Legal Background of the Case

The legal issues at hand involve claims that Celsius Holdings and its executives made misleading statements and omissions that violated federal securities laws. Specifically, the lawsuit alleges that:

1. Overselling to PepsiCo: The company significantly oversold inventory to PepsiCo, Inc., misleadingly indicating that demand was higher than it actually was. This situation reportedly led to an expected drastic reduction in sales as Pepsi began to draw down on its inflated inventory.
2. Unsustainable Sales Rate: The lawsuit also outlines that the sales rate to Pepsi was not sustainable, creating a false impression of the company’s financial health. This misrepresentation greatly affects investors’ understanding of Celsius' profitability and future forecasts.
3. Consequences on Financial Performance: As a direct consequence of these actions, it is claimed that Celsius Holdings’ financial results will reflect a downward trend, negatively affecting shareholders who relied on the company’s misleading reports.
4. Material Misstatements: Investors were led to believe that the company's business metrics were robust when, in fact, they were not as strong as portrayed during the class period.

How to Get Involved

Investors interested in participating in this legal action are given the opportunity to register on ClaimsFiler's platform, where they can access crucial information regarding the case. By registering for free, investors will be able to keep abreast of settlement updates and file their own claims timely. Furthermore, ClaimsFiler facilitates users by allowing them to upload portfolio transaction information to monitor relevant securities actions that may impact their financial interests.

For more details or to discuss your legal options, interested parties can reach out to the professional lawyers at Kahn Swick & Foti, LLC by visiting ClaimsFiler's website or by calling the provided toll-free number, 844-367-9658.

Conclusion

As Celsius Holdings' shareholders brace for potential consequences of these allegations, it is imperative that investors who are eligible for lead plaintiff status act swiftly. The outcome of this lawsuit could yield significant implications for those holding Celsius stock during the class period. Take advantage of this opportunity to assert your rights and consider aligning with other affected investors to reclaim losses.

With the January 21, 2025 deadline looming, engage with ClaimsFiler to understand the specifics of the case and to ensure your voice is heard in this action against compliance violations by Celsius Holdings.