Press release
Investors who hold shares of Celsius Holdings, Inc. (NASDAQ: CELH) Long Term should contact the Shareholders Foundation
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 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) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
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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