Deadline in Lawsuit for Investors who Lost over $100,000 in shares of Celsius Holdings, Inc. (NASDAQ: CELH) announced by Shareholders Foundation
SAN DIEGO, Dec. 5, 2024 /PRNewswire/ -- The Shareholders Foundation, Inc. announced that a deadline is coming up in the lawsuit that was filed for certain investors in Celsius Holdings, Inc. (NASDAQ: CELH) shares
Investors who purchased more than $100,000 in shares of Celsius Holdings, Inc. (NASDAQ: CELH) have certain options and there are short and strict deadlines running. Deadline: January 21, 2025. Those NASDAQ: CELH investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On November 22, 2024, an investor in NASDAQ: CELH shares filed a lawsuit against Celsius Holdings, Inc. The plaintiff alleges that the defendants made false and/or misleading statements and/or failed to disclose that Celsius 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, that as Pepsi drew down significant amounts of inventory overstock, Celsius Holdings' sales would materially decline in future periods, hurting Celsius Holdings' financial performance and outlook, that Celsius Holdings' sales rate to Pepsi was unsustainable and created a misleading impression of Celsius Holdings' financial performance and outlook, that as a result, Celsius' business metrics and financial prospects were not as strong as indicated in defendants' statements between February 29, 2024 and September 4, 2024, and that consequently, defendants' statements regarding Celsius' outlook and expected financial performance were false and misleading at all relevant times.
Those who purchased shares of Celsius Holdings, Inc. (NASDAQ: CELH) should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
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SOURCE Shareholders Foundation, Inc.
