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RADNOR, Pa., December 15, 2024 – (JCN News) – – The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is notifying investors that a class action lawsuit has been filed against the securities Celsius Holdings (NASDAK:), 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 (Class Period). The deadline for the lawsuit is January 21, 2025.
CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP: If you have suffered a Celsius loss, you can CLICK HERE or go to: https://vvv.ktmc.com/nev-cases/celsius-holdings-inc?utm_source=PR&utm_medium=link&utm_campaign=celh&mkt =r
You can also contact attorney Jonathan Nighy, Esq. by calling (484) 270-1453 or emailing info@ktmc.com.
DEFENDANTS’ ALLEGED MISCONDUCT: The complaint alleges that throughout the class period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Celsius significantly oversold inventory to Pepsi far in excess of demand and that faced with sales facing a cliff during which Pepsi would significantly reduce purchases of Celsius products; (2) as Pepsi reduced significant amounts of inventory, sales of Celsius would decline significantly in future periods, which would harm Celsius’ financial performance and prospects; (3) Pepsi’s sales rate in Celsius was unsustainable and created a misleading impression of Celsius’ financial performance and prospects; (4) as a result, Celsius’ business metrics and financial outlook were not as strong as indicated in Defendants’ Class Period Reports; and (5) accordingly, Defendants’ statements regarding Celsius’ prospects and expected financial performance were false and misleading at all relevant times.
LEAD PLAINTIFF PROCESS: Celsius investors may, no later than January 21, 2025, seek to be appointed as lead class plaintiff through Kessler Topaz Meltzer & Check, LLP or other counsel, or they may choose to do nothing and remain an absent class member . The lead plaintiff is the representative party who acts on behalf of all class members in 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 adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. The decision whether you will be the lead plaintiff does not affect your ability to participate in any collection. 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://vvv.ktmc.com/nev-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 prosecutes class actions in state and federal courts across the country and around the world. The firm has developed a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate malpractice. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by businesses and fiduciaries. No appellant in this action was 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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