Radnor, Pennsylvania–(Newsfile Corp. – December 27, 2024) – The law firm Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against Holdings in degrees Celsius (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, inclusive (the ” Class Period”). The lead plaintiff deadline is January 21, 2025.
CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP:
If you suffered losses in degrees Celsius, you may 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 the lawyer Jonathan Naji, Esq. by calling (484) 270-1453 or by email at info@ktmc.com.
ALLEGED MISCONDUCT OF DEFENDANTS:
The lawsuit alleges that, during the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Celsius materially oversold inventory to Pepsi in excess of demand and faced a looming debt cliff. sales during which Pepsi would significantly reduce its purchases of Celsius products; (2) as Pepsi used up significant amounts of excess inventory, Celsius’ sales would decline materially in future periods, harming Celsius’ financial performance and prospects; (3) Celsius’s sales rate to Pepsi was unsustainable and created a misleading impression about Celsius’s performance and financial prospects; (4) as a result, Celsius’s business metrics and financial prospects were not as strong as indicated in Defendants’ Class Period filings; and (5) accordingly, Defendants’ statements regarding Celsius’ prospects and expected financial performance were false and misleading at all relevant times.
THE LEAD PLAINTIFF PROCESS:
Celsius inverters can, no later than January 21, 2025, seek to be appointed as lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party acting on behalf of all class members in directing 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 suitable 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. Your ability to participate in any recovery is not affected by the decision whether or not to serve as lead plaintiff.
Kessler Topaz Meltzer & Check, LLP encourages Celsius investors who have suffered significant losses to contact the company directly for more 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 & CHECK, LLP:
Kessler Topaz Meltzer & Check, LLP prosecutes class action lawsuits in state and federal courts throughout 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: protecting investors, consumers, employees and others from fraud, abuse, misconduct and negligence by companies and fiduciaries. The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP, visit www.ktmc.com.
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