Workflow
Lost Money on Celsius Holdings, Inc. (CELH)? Join Class Action Suit Seeking Recovery – Contact Levi & Korsinsky
CelsiusCelsius(US:CELH) GlobeNewswire News Room·2024-12-19 17:13

Core Viewpoint - A class action securities lawsuit has been filed against Celsius Holdings, Inc. for alleged securities fraud affecting investors between February 29, 2024, and September 4, 2024 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that Celsius misled the investing public regarding its business prospects [2]. - It is alleged that the market price of Celsius common stock was artificially inflated [2]. - Certain officers, directors, and insiders reportedly sold over 21.6 million shares of Celsius stock at inflated prices, generating more than $1.4 billion in proceeds [2]. - The lawsuit asserts that investors purchased Celsius stock at these inflated prices and suffered damages when the true facts were revealed [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified time frame have until January 21, 2025, to request to be appointed as lead plaintiff [3]. - Participation in the lawsuit does not require serving as a lead plaintiff, and there are no out-of-pocket costs for class members [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and has extensive expertise in complex securities litigation [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the U.S. [4].