RADNOR, Pa.–(NewMediaWire)–December 27, 2024– The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) notifies investors that a class action lawsuit has been filed against the Securities Celsius Holdings (NASDAQ:), Inc. (Celsius) (NASDAQ: CELH ) on behalf of those who purchased or otherwise acquired Celsius common stock between February 29, 2024 and September 4, 2024, inclusive (the Class Period). The deadline for the chief prosecutor is January 21, 2025.
CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP:
If you have suffered Celsius losses, you can CLICK HERE or go to: https://www.ktmc.com/new-cases/celsius-holdings-inc?utm_source=PR&utm_medium=link&utm_campaign=celh&mktm=r
You may also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or emailing info@ktmc.com.
ALLEGED MISCONDUCT OF THE ACCUSED:
The complaint alleges that during the Class Period the defendants made false and/or misleading statements and/or failed to disclose the following: (1) Celsius significantly oversold inventory to Pepsi far in excess of demand and faced an imminent decline in sales during which Pepsi would significantly reduced its purchases of Celsius products; (2) as Pepsi reduced significant amounts of excess inventory, Celsius’ sales would decline significantly in future periods, harming Celsius’ financial results and prospects; (3) Celsius’ sales rate to Pepsi was unsustainable and created a false impression of Celsius’ financial performance and prospects; (4) as a result, Celsius’ business performance and financial prospects were not as good as indicated in Defendants’ class period statements; and (5) consequently, Defendants’ representations regarding Celsius’ prospects and expected financial results were false and misleading at all relevant times.
PROCEDURE OF THE CHIEF PROSECUTOR:
Investors in Celsius may, no later than January 21, 2025, seek to be appointed lead plaintiff, class representative through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. The lead plaintiff is the representative party that acts on behalf of all class members in the conduct of the litigation. The lead plaintiff is usually an investor or a small group of investors who have the greatest financial interest and who are also appropriate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and those attorneys, if approved by the court, are lead or class counsel. Deciding whether or not to be the lead claimant does not affect your ability to participate in the recovery.
Kessler Topaz Meltzer & Check, LLP encourages Celsius investors who have suffered significant losses to contact the firm directly for more information.
CLICK HERE TO APPLY FOR A CASE OR GO TO: https://www.ktmc.com/new-cases/celsius-holdings-inc?utm_source=PR&utm_medium=link&utm_campaign=celh&mktm=r
ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP:
Kessler Topaz Meltzer & Check, LLP litigates class actions in state and federal courts nationwide and around the world. The company has built a global reputation for excellence and has recovered billions of dollars from victims of fraud and other corporate wrongdoing. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by companies and fiduciaries. The appeal in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP, visit www.ktmc.com.
CONTACT:
Kessler Topaz Meltzer & Check, LLP
Jonathan Naji, Esq.
(484) 270-1453
280 King of Prussia Road
Radnor, PA 19087
info@ktmc.com
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