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][2]. Group 1: Allegations - The complaint alleges that Celsius Holdings deceived investors regarding its business prospects and artificially inflated its stock price [2]. - It is claimed that certain officers, directors, and insiders sold over 21.6 million shares at inflated prices, resulting in proceeds exceeding $1.4 billion [2]. - The actions of the defendants caused shareholders to purchase stock at inflated prices, leading to financial damages as the true facts were revealed [2]. Group 2: Class Action Details - The class period for the lawsuit is from February 29, 2024, to September 4, 2024 [2]. - Shareholders are encouraged to register for the class action by January 21, 2025, to be eligible for potential recovery [3]. - Participants will receive updates through a portfolio monitoring software once registered [3]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [4]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements [4].
The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of January 21, 2025 in Celsius Holdings, Inc. Lawsuit - CELH