Security Investigation
Celsius Holdings, Inc. (NasdaqCM: CELH)
32 Days left to seek lead plaintiff status.
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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until January 21, 2025 to file lead plaintiff applications in a securities class action lawsuit against Celsius Holdings, Inc. (the “Company”) (NasdaqCM: CELH).
Celsius Holdings and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
The alleged false and misleading statements and omissions include, but are not limited to, that: (1) the Company materially oversold inventory to PepsiCo, Inc. (“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 Celsius’ financial performance and outlook; (3) the Company’s sales rate to Pepsi was unsustainable and created a misleading impression of its financial performance and outlook; (4) as a result, the Company’s business metrics and financial prospects were not as strong as indicated in defendants’ Class Period statements; and (5) as a result, defendants’ statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
If you purchased shares of Celsius Holdings and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or fill out the form on this page.
The case is Shelby Township Police & Fire Retirement System v. Celsius Holdings, Inc., et al., No. 24-cv-81472.