Core Viewpoint - Rosen Law Firm is reminding purchasers of Celsius Holdings, Inc. common stock during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit, indicating potential compensation for affected investors [1]. Group 1: Class Action Details - The Class Period for the Celsius Holdings, Inc. common stock is from February 29, 2024, to September 4, 2024, inclusive [1]. - Investors who purchased Celsius common stock during this period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by January 21, 2025 [2]. Group 2: Legal Representation - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [3]. - The firm has achieved significant settlements in the past, including the largest securities class action settlement against a Chinese company at the time [3]. - In 2019, Rosen Law Firm secured over $438 million for investors, showcasing its capability in recovering funds for clients [3]. Group 3: Allegations Against Celsius - The lawsuit alleges that Celsius made false and misleading statements regarding its inventory and sales to PepsiCo, indicating that Celsius oversold inventory far beyond demand [4]. - It is claimed that as Pepsi reduced its purchases, Celsius would face a significant decline in sales, negatively impacting its financial performance [4]. - The lawsuit asserts that Celsius' business metrics and financial outlook were not as strong as represented, leading to investor damages when the true situation was revealed [4].
CELH Investors Have Opportunity to Lead Celsius Holdings, Inc. Securities Fraud Lawsuit