Radnor, Pennsylvania–(Newsfile Corp. – December 27, 2024) – The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) has informed investors that a securities class action lawsuit has been filed Celsius Holding (NASDAQ:), Inc. (“Celsius”) (NASDAQ: CELH) on behalf of those who purchased or acquired shares of Celis common stock between February 29, 2024 and September 4, 2024, inclusive (the “Class Period”). The lead plaintiff deadline is January 21, 2025.
Contact KESSLER TOPAZ MELTZER & CHECK, LLP:
If you experience percentage losses, this may happen 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 a lawyer Jonathan Nagy, Esq. By calling (484) 270-1453 or by email at info@ktmc.com.
The 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) PepsiCo oversold inventory far in excess of demand, and faced a looming sales cliff as it PepsiCo will significantly reduce its purchases of Celios products; (2) as Pepsi retires significant amounts of excess inventory, Celis' sales will decline significantly in future periods, harming Celcium's financial performance and prospects; (3) Celsius' turnover to Pepsi was unsustainable and created a misleading impression of Celsius' financial performance and prospects; (4) as a result, Celsius's business metrics and financial outlook were not as strong as stated in Defendants' Class Period Statements; and (5) therefore, Defendants' statements regarding Celsius's prospects and expected financial performance were false and misleading at all relevant times.
Lead Plaintiff Process:
Percentage investors can, No later than January 21, 2025, It seeks to be appointed as lead plaintiff for the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may elect to do nothing and remain an absent member of the class. A lead plaintiff is a representative party acting on behalf of all class members in directing the lawsuit. The lead plaintiff is usually the investor or a small group of investors who have the largest financial interest and who are also considered appropriate and typical of the proposed class of investors. The lead plaintiff selects an attorney to represent the lead plaintiff and the class and those attorneys, if approved by the court, are the lead attorneys or the class. Your ability to participate in any recovery is not affected by the decision of whether or not to serve as lead plaintiff.
Kessler Topaz Meltzer & Check, LLP encourages Celsius investors who have incurred significant losses to contact the firm directly for further information.
Click here To register for the 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 & Czech LLP:
Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts across the country and around the world. The company has earned 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, consumers, employees and others from fraud, abuse, misconduct and negligence by corporations and credit institutions. The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Czech, LLP, please visit www.ktmc.com.
It may be considered an attorney's advertisement in some jurisdictions. Past results do not guarantee future results.
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