Core Points - A class action lawsuit has been filed against Celsius Holdings, Inc. for allegedly misleading investors regarding its sales performance and inventory management [1][3] - The lawsuit covers all individuals and entities that purchased Celsius securities between February 29, 2024, and September 4, 2024, with a deadline for lead plaintiff applications set for January 21, 2025 [1] Allegations - Celsius oversold inventory to Pepsi beyond actual demand, leading to a significant anticipated decline in sales as Pepsi reduces its purchases [3] - The company’s sales rate to Pepsi was unsustainable, creating a false impression of its financial health [3] - The decline in sales and misleading statements resulted in a drop in Celsius' stock price, negatively impacting investors [3]
CELSIUS ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Celsius Holdings, Inc. and Encourages Investors to Contact the Firm