Understanding the Celsius Holdings Securities Class Action Lawsuit
Introduction
RADNOR, PA / ACCESSWIRE / December 8, 2024 / The law firm of Kessler Topaz Meltzer & Check, LLP informs investors that a securities class action lawsuit has been filed against Celsius Holdings, Inc. (“Celsius”) (NASDAQ:CELH) on behalf of those who purchased or otherwise acquired Celsius common stock between February 29, 2024, and September 4, 2024, inclusive (the “Class Period”). The lead plaintiff deadline is January 21, 2025.
The Allegations
The lawsuit alleges that Celsius made false and/or misleading statements and/or failed to disclose that the Company lacked adequate internal controls and that its business practices used to boost sales were in fact unsustainable. As a result of these alleged misrepresentations, Celsius’s stock price was artificially inflated during the Class Period.
Investors who purchased Celsius common stock during the Class Period suffered financial losses when the truth about the Company’s business practices and internal controls came to light. This class action lawsuit seeks to recover damages on behalf of affected investors.
How Does This Affect Me?
If you are an investor who purchased Celsius common stock between February 29, 2024, and September 4, 2024, you may be eligible to participate in the securities class action lawsuit. It is important to consult with legal counsel to understand your rights and options in seeking potential recovery of your losses.
How Does This Affect the World?
Securities class action lawsuits play a critical role in holding companies accountable for their actions and ensuring transparency in the financial markets. By bringing attention to alleged misconduct or fraudulent practices, these lawsuits help protect investors and uphold the integrity of the securities market.
Conclusion
The securities class action lawsuit against Celsius Holdings, Inc. highlights the importance of corporate accountability and investor protection. As the legal proceedings unfold, it will be crucial to monitor developments and consider the implications for affected investors and the broader financial community.
