#USA #Securities Class Action #New Orleans #Celsius Holdings #Lewis Kahn

Celsius Holdings Shareholder Alert by Former Louisiana Attorney General

Investor Notice on Legal Rights and Deadlines

Celsius Holdings, Inc. (NASDAQ: CELH) is currently facing a significant class action lawsuit, and investors who experienced losses exceeding $100,000 during specific trading periods are urged to take action. Kahn Swick & Foti, LLC, led by former Louisiana Attorney General Charles C. Foti, Jr., is reminding such investors about the key deadlines for filing lead plaintiff applications in this crucial case.

Lawsuit Background

The lawsuit, titled Shelby Township Police & Fire Retirement System v. Celsius Holdings, Inc., et al., No. 24-cv-81472, alleges that Celsius Holdings and various executives failed to disclose critical operational information that potentially misled shareholders. Investors who purchased shares between February 29, 2024, and September 4, 2024, are particularly relevant to this action. The plaintiff side claims that misleading statements regarding inventory management and sales projections led to a false representation of the Company's financial health and outlook.

The suit posits that Celsius oversold inventory to PepsiCo, significantly exceeding demand, leading to a perception of inflated sales that could ultimately harm its stock value as the truth about oversupply and declining sales became clear. Specifically, it details how the depicted sales rate was unsustainable, which may have misled potential and existing shareholders, compromising their investment decisions.

Key Dates and What Investors Should Do

Affected investors have until January 21, 2025, to file a lead plaintiff application to join this class action. If you invested in Celsius during the specified time frame and sustained losses, you are encouraged to review your legal options. Prospective plaintiffs can contact the law firm at 1-877-515-1850 or email info@ksfcounsel.com. Further information, including filing requirements and processes, is available on their dedicated site here.

Understanding Your Rights

The implications of being a lead plaintiff in such a lawsuit can be paramount. Lead plaintiffs often have the responsibility of guiding the litigation, making their engagement crucial for the direction of the suit. Thus, understanding not only your losses but also your rights and potential benefits under this legal structure is essential.

About Kahn Swick & Foti, LLC

Kahn Swick & Foti is recognized as a leading boutique securities litigation law firm, representing a diverse clientele comprising institutional investors, hedge funds, and retail investors navigating instances of corporate fraud or failure. Their profound expertise and substantial legal background enable them to effectively advocate for shareholder interests, aiming for just recoveries from negligent corporate practices.

The Bigger Picture

Beyond this specific case against Celsius Holdings, this lawsuit marks a growing trend in shareholder activism where investors are increasingly vigilant about corporate governance and financial disclosures. As shareholders become more cautious and informed, firms must prioritize transparency to avoid potential legal ramifications. The outcome of this case could also signal a shift in how publicly traded companies communicate crucial business metrics and financial forecasts.

For shareholders of Celsius Holdings, the next few weeks will be critical. Remaining informed and proactive can significantly affect the resolution of their investments amid this legal challenge.