CELH LAWSUIT ALERT: Levi & Korsinsky Notifies Celsius Holdings, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline
1. Celsius Holdings faces a class action lawsuit for alleged securities fraud.
2. Lawsuit claims false statements inflated stock price, harming investors.
3. Insiders reportedly sold over 21.6 million shares at inflated prices.
4. Investors can seek compensation without upfront costs involved.
5. Levi & Korsinsky is a reputable firm with extensive securities litigation experience.
Class action lawsuits can negatively affect stock prices due to market perception. Previous lawsuits have led to price drops as investor confidence diminishes.
How important is it?
The lawsuit directly addresses investor losses and management accountability, significantly impacting Celsius' reputation and stock price.
Why Short Term?
The lawsuit's announcement likely creates immediate uncertainty for investors. Historically, similar events triggered swift declines in prices for affected companies.
Levi & Korsinsky, LLP notifies investors in Celsius Holdings, Inc. ("Celsius" or the "Company") (NASDAQ: CELH) of a class action securities lawsuit.
CLASS DEFINITION:
The lawsuit seeks to recover losses on behalf of Celsius investors who were adversely affected by alleged securities fraud between February 29, 2024 and September 4, 2024. Follow the link below to get more information and be contacted by a member of our team:
Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.
CASE DETAILS:
The filed complaint alleges that defendants made false statements and/or concealed that:
(i) the Company deceived the investing public regarding Celsius' prospects and business;
(ii) artificially inflated the market price of Celsius common stock;
(iii) allowed certain officers, directors, and insiders to generate enormous insider proceeds by selling more than 21.6 million of their personally held shares of Celsius common stock at artificially inflated prices, reaping more than $1.4 billion; and
(iv) caused plaintiff and other members of the class to purchase Celsius common stock at artificially inflated prices and suffer damages as the true facts regarding Celsius were revealed.
WHAT'S NEXT?
If you suffered a loss in Celsius during the relevant time frame, 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 a lead plaintiff.
NO COST TO YOU:
If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY:
Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq. Ed Korsinsky, Esq. 33 Whitehall Street, 17th Floor New York, NY 10004
