Celsius(US:CELH) Prnewswireยท2024-12-19 00:37Core Viewpoint - A securities class action lawsuit has been filed against Celsius Holdings, Inc. for allegedly misleading investors regarding its financial performance and sales practices during the specified Class Period from February 29, 2024, to September 4, 2024 [1]. Group 1: Allegations Against Celsius - The lawsuit claims that Celsius materially oversold inventory to Pepsi, exceeding demand, which could lead to a significant reduction in future sales as Pepsi depletes its inventory [3]. - It is alleged that Celsius' sales rate to Pepsi was unsustainable, creating a false impression of the company's financial health [3]. - The complaint asserts that the financial metrics and outlook presented by Celsius were not as strong as claimed, leading to misleading statements about the company's future performance [3]. Group 2: Legal Process and Participation - Investors in Celsius have until January 21, 2025, to apply to be appointed as lead plaintiffs, representing the class in the lawsuit [4]. - A lead plaintiff is typically the investor or group of investors with the largest financial interest in the case, who will select legal counsel to represent the class [4]. - Participation as a lead plaintiff does not affect an investor's ability to share in any potential recovery from the lawsuit [4].