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CELH LAWSUIT ALERT: Levi & Korsinsky Notifies Celsius Holdings, Inc. Investors of a Class Action Lawsuit and Upcoming DeadlineApr 11th, 2022 22:33 EST
CELH LAWSUIT ALERT: Levi & Korsinsky Notifies Celsius Holdings, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline
New York, New York–(Newsfile Corp. – April 11, 2022) – Levi & Korsinsky, LLP notifies investors in Celsius Holdings, Inc. (NASDAQ: CELH) (“Celsius” or the “Company”) of a class action securities lawsuit.
The lawsuit on behalf of Celsius investors has been commenced in the the United States District Court for the Southern District of Florida. Affected investors purchased or otherwise acquired certain Celsius securities between August 12, 2021 and March 1, 2022. Follow the link below to get more information and be contacted by a member of our team:
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500. There is no cost or obligation to you.
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Celsius Holdings, Inc. NEWS – CELH NEWS
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) the Company had improperly recorded expenses for non-cash share-based compensation for second and third quarters of 2021; (2) 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; (3) there was a material weakness in Celsius’s internal controls over financial reporting; and (4) 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.
WHAT THIS MEANS TO SHAREHOLDERS: If you suffered a loss in Celsius during the relevant timeframe, you have until May 16, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. Discuss your rights with our legal team without cost or obligation.
PROTECT YOUR FINANCIAL INTERESTS: Complete this brief submission form https://www.zlk.com/pslra-1/celsius-holdings-inc-loss-submission-form?prid=25838&wire=5 or call 212-363-7500 to discuss the case.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/120156