Data News > Stock News: Celsius Holdings, Inc. Faces Investor Class Action Allegations

Stock News: Celsius Holdings, Inc. Faces Investor Class Action Allegations

By KlickAnalytics Data Insights  |   November 29, 2024 08:01PM ET

Key Points

- Celsius Holdings, Inc. (NASDAQ: CELH) and its executives are facing a securities class action lawsuit
- Shareholders who suffered losses are urged to contact Levi & Korsinsky, Hagens Berman, Bronstein, Gewirtz & Grossman, or The Schall Law Firm
- The lawsuit seeks to recover damages for alleged violations of federal securities laws
- Investors who purchased Celsius securities between February 29, 2024, and September 4, 2024, may be eligible to participate
- Several law firms are offering investors the opportunity to lead the class action lawsuit

Celsius Holdings, Inc. is under scrutiny as it faces a securities class action lawsuit involving allegations of improprieties concerning its agreement with PepsiCo. The lawsuit, filed by multiple law firms, including Levi & Korsinsky, Hagens Berman, Bronstein, Gewirtz & Grossman, The Schall Law Firm, and Kessler Topaz Meltzer & Check, LLP, claims that Celsius and certain executives violated federal securities laws.

Investors who have suffered losses due to their Celsius Holdings, Inc. investments are being encouraged to contact the aforementioned law firms to discuss their rights. The class action lawsuit aims to recover damages on behalf of individuals and entities that purchased or acquired Celsius securities between February 29, 2024, and September 4, 2024.

The lead plaintiff deadline for the class action lawsuit is set for January 21, 2025, requiring affected shareholders to take action before this date. Celsius Holdings, Inc. investors who believe they may be eligible to participate in the lawsuit are urged to reach out to the law firms handling the case for more information on how to proceed.

In light of the ongoing legal proceedings and allegations facing Celsius Holdings, Inc., shareholders are advised to stay informed and consider their options regarding potential recovery under federal securities laws. The impact of the class action lawsuit on the company and its stock performance remains a key point of interest for investors following this development.

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