Lawsuit Overview - A class action securities lawsuit has been filed against Celsius Holdings Inc (NASDAQ: CELH) on behalf of investors who suffered losses between February 29, 2024, and September 4, 2024 [1] - The lawsuit alleges securities fraud during this period [1] Allegations - Defendants are accused of making false statements and/or concealing information about Celsius' business prospects [2] - The company allegedly deceived the investing public, artificially inflating the market price of Celsius common stock [2] - Certain officers, directors, and insiders reportedly sold over 21.6 million personally held shares at artificially inflated prices, generating more than $1.4 billion in proceeds [2] - Plaintiffs and class members allegedly purchased Celsius common stock at inflated prices and suffered damages when the true facts were revealed [2] Legal Process - Investors who suffered losses during the relevant period have until January 21, 2025, to request appointment as lead plaintiff [3] - Class members may be entitled to compensation without incurring out-of-pocket costs or fees [3] Law Firm Background - Levi & Korsinsky, LLP has 20 years of experience in securities litigation [4] - The firm has secured hundreds of millions of dollars for aggrieved shareholders [4] - Levi & Korsinsky has been ranked in ISS Securities Class Action Services' Top 50 Report for seven consecutive years [4] - The firm employs over 70 professionals and specializes in complex securities litigation [4]

Company Performance and Challenges - Celsius Holdings (CELH) shares have declined by 58 percent year-to-date, facing renewed pressure after a key analyst lowered its price target due to concerns about sales and the impact of its distribution agreement with PepsiCo [1] - The company's stock dropped more than 11 percent on September 4, 2024, following a presentation revealing a $100 million to $120 million shortfall in PepsiCo orders compared to the previous year [8] - On May 28, 2024, Celsius shares fell nearly 13 percent after Nielsen data indicated a slowdown in sales growth, with analysts raising concerns about a significant sales contraction as PepsiCo reduced inventory levels [5] Financial and Operational Issues - Celsius is accused of failing to disclose critical issues, including excessive inventory shipped to PepsiCo beyond actual consumer demand, a projected decline in sales, and overstated business metrics and financial forecasts [2] - The revised distribution agreement with PepsiCo is expected to have a greater-than-expected negative impact on fourth-quarter revenue, according to Roth MKM analysts [4] - PepsiCo carried several million excess cases of Celsius products over the past 18 months, contributing to the company's financial challenges [8] Legal and Regulatory Actions - A securities class-action lawsuit alleges that Celsius misled investors about its operations and prospects, prompting an investigation by Hagens Berman [7] - Hagens Berman is investigating whether Celsius deliberately concealed the extent of its inventory buildup at PepsiCo [3] - The class period for the lawsuit is from February 29, 2024, to September 4, 2024, with a lead plaintiff deadline of January 21, 2025 [7] Analyst and Market Reactions - Roth MKM reduced its price target on Celsius shares to $38 from $40, citing anticipated higher promotional allowances in the fourth quarter and the negative impact of the revised distribution agreement with PepsiCo [4] - The company's diminished valuation is attributed to slowing sales, revised financial forecasts, and the shareholder lawsuit [1]

Investment Analyst Background - Amrita runs a boutique family office fund in Vancouver, focusing on sustainable, growth-driven companies that maximize shareholder equity [1] - She co-founded the fund after 5 years in high-growth supply-chain startups in San Francisco, where she led strategy and worked with venture capital firms [1] - Amrita also runs an award-winning newsletter, The Pragmatic Optimist, which focuses on portfolio strategy, valuation, and macroeconomics [1] - Her work emphasizes democratizing financial literacy and simplifying complex financial concepts [1] Investment Thesis - The analyst initiated a "buy" rating for Celsius (NASDAQ: CELH) in July with a price target of $66 [1] - The stock is down 47% from its May 2024 high [1] Disclosure - The analyst holds a beneficial long position in shares of PEP and AMZN through stock ownership, options, or other derivatives [2] - The article expresses the analyst's own opinions and is not compensated by any company mentioned [2]

Investment Strategy - The investment strategy focuses on companies with strong qualitative attributes, aiming to purchase them at attractive prices based on fundamentals and holding them indefinitely [1] - The portfolio is concentrated to avoid underperforming investments and maximize exposure to high-growth opportunities [1] - Companies may be rated as 'Hold' if their growth potential is below the threshold or if downside risks are too high [1] Analyst Background - The analyst holds an MBA and an L.L.B in law, and works as a financial analyst at a large pension fund [1] Disclosure - The analyst has no stock, option, or derivative positions in the mentioned companies and no plans to initiate such positions within the next 72 hours [2] - The article expresses the analyst's own opinions and is not compensated by any company mentioned [2] - Seeking Alpha's disclosure states that past performance does not guarantee future results and no investment advice is provided [3] - Seeking Alpha is not a licensed securities dealer, broker, or investment adviser, and its analysts may not be licensed or certified [3]

RADNOR, Pa., Dec. 30, 2024 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com)  informs investors that a securities class action lawsuit has been filed against Celsius Holdings, 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 Celsius ...

SAN DIEGO, Dec. 30, 2024 /PRNewswire/ -- Robbins Geller Rudman & Dowd LLP announces that purchasers of Celsius Holdings, Inc. (NASDAQ: CELH) common stock between February 29, 2024 and September 4, 2024, both dates inclusive (the "Class Period"), have until Tuesday, January 21, 2025 to seek appointment as lead plaintiff of the Celsius class action lawsuit. Captioned Shelby Township Police & Fire Retirement System v. Celsius Holdings, Inc., No. 24-81472 (S.D. Fla.), the Celsius class action lawsuit charges Ce ...

NEW YORK, Dec. 30, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Celsius Holdings, Inc. (NASDAQ: CELH).Shareholders who purchased shares of CELH during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE: https://securitiesclasslaw.com/securities/celsius-holdings-inc-loss-submission-form-2/?id=118951&from=4 CLASS PERIOD: Febru ...

NEW YORK, Dec. 27, 2024 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Celsius Holdings, Inc. ("Celsius" or the "Company") (NASDAQ: CELH). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.The class action concerns whether Celsius and certain of its offic ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $75,000 In Celsius To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $75,000 in Celsius between February 29, 2024 and September 4, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, Dec. 26, 2024 (GLO ...

RADNOR, Pa., Dec. 26, 2024 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed in the United States District Court for the Southern District of Florida against Celsius Holdings, 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 ...