Investors who lost money on Celsius Holdings, Inc. (CELH) should contact The Gross Law Firm about pending Class Action - CELH
CelsiusCelsius(US:CELH) GlobeNewswire News Room·2024-12-04 17:49

Core Viewpoint - The Gross Law Firm is notifying shareholders of Celsius Holdings, Inc. about a class action lawsuit due to alleged misleading statements and insider trading activities that inflated the stock price [1][3]. Group 1: Allegations - The complaint alleges that Celsius Holdings deceived investors regarding its business prospects and artificially inflated its stock price [3]. - It is claimed that certain officers, directors, and insiders sold over 21.6 million shares at inflated prices, generating more than $1.4 billion in proceeds [3]. - The actions of the defendants caused shareholders to purchase stock at inflated prices, leading to financial damages as the true facts about the company were revealed [3]. Group 2: Class Action Details - The class period for the lawsuit is from February 29, 2024, to September 4, 2024 [3]. - Shareholders are encouraged to register for the class action by January 21, 2025, to potentially be appointed as lead plaintiffs [4]. - Participants will receive updates through a portfolio monitoring software once registered [4]. Group 3: Law Firm Information - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors from deceit and fraud [5]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements [5].