Investors in CELH can take lead in securities fraud lawsuit against Celsius Holdings, Inc.
Investors who bought the Company’s securities from February 29, 2024, to September 4, 2024, might be affected by a class action lawsuit filed against the Company. This lawsuit alleges that the Company made false and misleading statements in violation of federal securities laws. The lawsuit claims that the Company’s statements regarding its business, operations, and prospects were inaccurate during the specified period.
The class action lawsuit was filed in the United States District Court for the Northern District of California. The lawsuit focuses on statements made by the Company related to its financial performance and future outlook. It alleges that the Company failed to disclose certain facts that were necessary for investors to make informed decisions about their investments. Specifically, the lawsuit claims that the Company overstated its revenue and earnings potential, leading to artificially inflated stock prices.
Investors who suffered losses during the period in question may be eligible to participate in the class action lawsuit. The lawsuit seeks to recover damages on behalf of investors who purchased the Company’s securities during the specified time frame. It is important for affected investors to take timely action if they wish to be part of the lawsuit and potentially recover any losses they may have incurred.
If you believe that you may have been affected by the allegations made in the class action lawsuit against the Company, it is advisable to seek legal counsel to understand your options. Investors who purchased the Company’s securities during the specified period can contact a securities litigation firm to discuss their rights and potential courses of action. It is crucial to act promptly to ensure that you do not miss any deadlines for participating in the lawsuit.
In conclusion, investors who bought the Company’s securities between February 29, 2024, and September 4, 2024, may have grounds to participate in a class action lawsuit against the Company. The lawsuit alleges that the Company made false and misleading statements that violated federal securities laws. Investors who suffered losses during the specified period should seek legal advice to explore their options for potentially recovering any damages they may have incurred. Prompt action is necessary to ensure that affected investors do not miss any deadlines for participating in the lawsuit.