Radnor, Pennsylvania–(Newsfile Corp. – December 27, 2024) – The legislation agency of Kessler Topaz Meltzer & Verify, LLP (www.ktmc.com) informs traders {that a} securities class motion lawsuit has been filed towards Celsius Holdings (NASDAQ:), Inc. (“Celsius”) (NASDAQ: CELH) on behalf of those that bought or in any other case acquired Celsius widespread inventory between February 29, 2024, and September 4, 2024, inclusive (the “Class Period”). The lead plaintiff deadline is January 21, 2025.
CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP:
For those who suffered Celsius losses, you could CLICK HERE or go to: https://www.ktmc.com/new-cases/celsius-holdings-inc?utm_source=PR&utm_medium=hyperlink&utm_campaign=celh&mktm=r
You may as well contact legal professional Jonathan Naji, Esq. by calling (484) 270-1453 or by electronic mail at data@ktmc.com.
DEFENDANTS’ ALLEGED MISCONDUCT:
The grievance alleges that, all through the Class Interval, Defendants made false and/or deceptive statements and/or did not disclose that: (1) Celsius materially oversold stock to Pepsi far in extra of demand, and confronted a looming gross sales cliff throughout which Pepsi would considerably cut back its purchases of Celsius merchandise; (2) as Pepsi drew down important quantities of stock overstock, Celsius’ gross sales would materially decline in future intervals, hurting Celsius’ monetary efficiency and outlook; (3) Celsius’ gross sales fee to Pepsi was unsustainable and created a deceptive impression of Celsius’ monetary efficiency and outlook; (4) in consequence, Celsius’ enterprise metrics and monetary prospects weren’t as robust as indicated in Defendants’ Class Interval statements; and (5) consequently, Defendants’ statements concerning Celsius’ outlook and anticipated monetary efficiency had been false and deceptive in any respect related instances.
THE LEAD PLAINTIFF PROCESS:
Celsius traders could, no later than January 21, 2025, search to be appointed as a lead plaintiff consultant of the category via Kessler Topaz Meltzer & Verify, LLP or different counsel, or could select to do nothing and stay an absent class member. A lead plaintiff is a consultant occasion who acts on behalf of all class members in directing the litigation. The lead plaintiff is often the investor or small group of traders who’ve the most important monetary curiosity and who’re additionally enough and typical of the proposed class of traders. The lead plaintiff selects counsel to signify the lead plaintiff and the category and these attorneys, if authorised by the court docket, are lead or class counsel. Your means to share in any restoration isn’t affected by the choice of whether or not or to not function a lead plaintiff.
Kessler Topaz Meltzer & Verify, LLP encourages Celsius traders who’ve suffered important losses to contact the agency straight to amass extra info.
CLICK HERE TO SIGN UP FOR THE CASE OR GO TO: https://www.ktmc.com/new-cases/celsius-holdings-inc?utm_source=PR&utm_medium=hyperlink&utm_campaign=celh&mktm=r
ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP:
Kessler Topaz Meltzer & Verify, LLP prosecutes class actions in state and federal courts all through the nation and world wide. The agency has developed a world fame for excellence and has recovered billions of {dollars} for victims of fraud and different company misconduct. All of our work is pushed by a typical aim: to guard traders, shoppers, workers and others from fraud, abuse, misconduct and negligence by companies and fiduciaries. The grievance on this motion was not filed by Kessler Topaz Meltzer & Verify, LLP. For extra details about Kessler Topaz Meltzer & Verify, LLP please go to www.ktmc.com.
Could also be thought of legal professional promoting in sure jurisdictions. Previous outcomes don’t assure future outcomes.
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