Celsius(US:CELH) Prnewswireยท2024-12-30 15:45Core 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]. Allegations of Misconduct - The complaint claims that Celsius materially oversold inventory to Pepsi, exceeding demand, which led to a significant reduction in future sales as Pepsi would decrease its purchases [3]. - It is alleged that the sales rate to Pepsi was unsustainable, creating a false impression of Celsius' financial health [3]. - The lawsuit asserts that Celsius' business metrics and financial outlook were not as strong as represented by the defendants during the Class Period [3]. - Consequently, statements made by the defendants regarding Celsius' future performance were deemed false and misleading [3]. Lead Plaintiff Process - Investors in Celsius have until January 21, 2025, to apply to be appointed as a lead plaintiff, representing the class in the litigation [4]. - The lead plaintiff is typically the investor or group of investors with the largest financial interest in the case [4]. - Participation as a lead plaintiff does not affect the ability of other investors to share in any potential recovery [4].