Press release
Deadline on May 16, 2022 coming up in Lawsuit for Investors in Celsius Holdings, Inc. (NASDAQ: CELH)
A Deadline is coming up on May 16, 2022 in the lawsuit for certain investors in Celsius Holdings, Inc. (NASDAQ: CELH).
Investors who purchased shares of Celsius Holdings, Inc. (NASDAQ: CELH) have certain options and there are strict and short deadlines running. Deadline: May 16, 2022. NASDAQ: CELH stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
According to the complaint filed in the U.S. District Court for the Southern District of Florida the plaintiff alleges on behalf of purchasers of Celsius Holdings, Inc. (NASDAQ: CELH) common shares between August 12, 2021 and March 1, 2022, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between August 12, 2021 and March 1, 2022, the Defendants failed to disclose to investors that the Company had improperly recorded expenses for non-cash share-based compensation for second and third quarters of 2021, that, as a result, the Company's financial statements for those periods would be restated, including to report a net loss for the third quarter of 2021,that there was a material weakness in Celsius's internal controls over financial reporting, and that as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of Celsius Holdings, Inc. (NASDAQ: CELH) have certain options and should contact the Shareholders Foundation.
Contact:
Christopher Clausen
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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