RADNOR, Pa., December 7, 2024 – (JCN Newswire) – – The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) notifies investors that a securities class action lawsuit has been filed. Celsius holding (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 (the Class Period). The lead plaintiff’s deadline is January 21, 2025.
Contact KESSLER TOPAZ MELTZER & CHECK, LLP:
If you have experienced the loss of Celsius, 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 can also contact attorney Jonathan Nagy, Esq. by calling (484) 270-1453 or email info@ktmc.com.
Accused of alleged misconduct:
The complaint alleges that throughout the class period the defendants made false and/or misleading statements and/or failed to disclose that: (1) Celsius materially over-inventoryed Pepsi in excess of demand and faced a sales cliff during which Pepsi would significantly reduce its purchases of Celsius products; (2) as Pepsi has reduced a significant amount of inventory, Celsius’ sales will decline materially in future periods, harming Celsius’ financial performance and prospects; (3) Pepsi’s sales figures for Celsius were unsustainable and created a false impression of Celsius’ financial performance and prospects; (4) as a result, Celsius’ business metrics and financial prospects were not as strong as indicated in Defendants’ Class Period Statements; and (5) accordingly, Defendant’s statements regarding Celsius’ outlook and expected financial performance were false and misleading at all relevant times.
Lead Plaintiff’s Process:
Celsius investors may, no later than January 21, 2025, request 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 acting on behalf of all class members in the conduct of the litigation. The lead plaintiff is usually the 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 those attorneys, if approved by the court, serve as lead or class counsel. Your ability to participate in any recovery is not affected by the decision as to whether or not you are the lead plaintiff. Kessler Topaz Meltzer & Check, LLP encourages Celsius investors who have experienced significant losses to contact the firm directly for additional information.
Click here to register 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 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 misconduct. All of our work is driven by a common goal: to protect investors, customers, employees and others from fraud, abuse, misconduct and negligence by businesses and fiduciaries. No appeal was filed in this action 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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