CELH INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Celsius Holdings, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

1. A class action lawsuit targets Celsius Holdings for securities law violations. 2. Allegations include misleading sales figures and inventory overselling to Pepsi. 3. Celsius faces a significant risk of a sales decline due to inventory adjustments. 4. Investors who acquired shares between February and September 2024 are affected.

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FAQ

Why Very Bearish?

The lawsuit suggests severe inaccuracies in Celsius' financial disclosures, influencing investor trust. Past cases point to stock declines following similar allegations.

How important is it?

This lawsuit could significantly affect Celsius' stock valuation and market perception. Legal challenges often draw immediate investor attention and can lead to market volatility.

Why Short Term?

Immediate investor reaction is expected as the lawsuit progresses, affecting stock prices quickly. Historical examples show lawsuits often lead to rapid sell-offs.

Related Companies

PEP CELH

NEW YORK, Nov. 28, 2024 /PRNewswire/ -- Attorney Advertising

Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Celsius Holdings, Inc. ("Celsius" or "the Company") (NASDAQ: CELH) and certain of its officers.

Class Definition

This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Celsius securities between February 29, 2024 and September 04, 2024 inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: bgandg.com/CELH.

Case Details

The complaint alleges that throughout the class period, Defendants failed to disclose that: (1) Celsius materially oversold inventory to Pepsi far in excess of demand, and faced a looming sales cliff during which Pepsi would significantly reduce its purchases of Celsius products; (2) as Pepsi drew down significant amounts of inventory overstock, Celsius' sales would materially decline in future periods, hurting the Company's financial performance and outlook; (3) Celsius' sales rate to Pepsi was unsustainable and created a misleading impression of Celsius' financial performance and outlook; and (4) as a result, Celsius' business metrics and financial prospects were not as strong as indicated in defendants' class period statements. When the truth came out, the price of Celsius' stock dropped, harming investors.

What's Next?

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm's site: bgandg.com/CELH. or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 332-239-2660. If you suffered a loss in Celsius you have until January 21, 2025, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.

There is No Cost to You

We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Gewirtz & Grossman

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.

Attorney advertising. Prior results do not guarantee similar outcomes.

Contact

Bronstein, Gewirtz & Grossman, LLC

Peretz Bronstein or Nathan Miller

332-239-2660 | info@bgandg.com

SOURCE Bronstein, Gewirtz & Grossman, LLC