Press release
Investigation announced for Long-Term Investors in Celsius Holdings, Inc. (NASDAQ: CELH) over potential Wrongdoing
An investigation on behalf of current long term investors in Celsius Holdings, Inc. (NASDAQ: CELH) shares.
Investors who are current long term investors in Celsius Holdings, Inc. (NASDAQ: CELH) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NASDAQ: CELH stocks follows a lawsuit filed against Celsius Holdings, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: CELH stocks, concerns whether certain Celsius Holdings, Inc. directors are liable in connection with the allegations made in that lawsuit.
According to that complaint filed in the U.S. District Court for the Southern District of Florida the plaintiff alleges that 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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