#United States #New York #Gross Law Firm #Securities Law #Celsius Holdings

Celsius Holdings Faces Legal Action for Securities Law Violations

Celsius Holdings, Inc., a significant player in the Beverage sector, is currently embroiled in a class-action lawsuit regarding purported violations of securities laws. The lawsuit, announced by the Gross Law Firm, highlights serious allegations against Celsius that have significant implications for its shareholders.

Background

The Gross Law Firm released an official notice directed at shareholders of Celsius Holdings (NASDAQ: CELH) on January 2, 2025. The alert encourages shareholders who bought stocks during the specified class period, which spans from February 29, 2024, to September 4, 2024, to connect with the firm for a potential lead plaintiff appointment. Notably, one does not need to be a lead plaintiff to recover any losses sustained during the class period.

Allegations and Issues at Hand

The crux of the allegations includes claims that Celsius issued materially false and misleading statements regarding its business prospects. According to the complaint:

• - Celsius allegedly misled investors regarding its potential and operations, leading to inflated stock prices.
• - Certain company officers and directors purportedly profited significantly by disposing of over 21.6 million shares at these inflated prices, resulting in gains exceeding $1.4 billion.
• - Investors, including the plaintiffs, purchased shares of Celsius at inflated valuations, incurring considerable financial losses when the factual inaccuracies surfaced.

The results of these misleading practices significantly impacted the market perception and valuation of Celsius Holdings, causing undeniable financial repercussions for its shareholders as the company’s true standing came to light.

Next Steps for Shareholders

The deadline for affected shareholders to act is January 21, 2025. It is vital for shareholders to register their information on the Gross Law Firm's site to participate in this class action. Upon registration, investors will gain access to portfolio monitoring software, enabling them to receive regular updates throughout the case’s lifecycle.

Additionally, there are no costs or obligations to participate, making this an accessible opportunity for those who have faced losses due to the alleged misconduct of Celsius Holdings.

Why Choose Gross Law Firm?

The Gross Law Firm is renowned for its commitment to defending the rights of investors against corporate malfeasance. This class action lawsuit is part of their ongoing mission to promote responsible business practices and hold companies accountable for fraudulent or deceitful actions. The firm aims to recover losses suffered by investors whose interests were jeopardized by misleading statements and improper actions from publicly traded companies.

For anyone who believes they have been negatively impacted by Celsius Holdings' alleged violations, reaching out to the Gross Law Firm before the stated deadline may represent a critical step toward seeking redemption for their incurred losses.

Contact Information

Shareholders interested in participating can find more information and submit their details through the following link: Celsius Loss Submission Form. Interested parties can also contact the Gross Law Firm directly: 15 West 38th Street, 12th floor, New York, NY 10018; Phone: (646) 453-8903.


This developing story is expected to draw further scrutiny and discussion as shareholders and potential plaintiffs navigate these waters of corporate accountability and the search for justice in the financial realm.