Shareholder Alert: Celsius Holdings, Inc. Securities Class Action Update
Understanding the Recent Securities Class Action for Celsius Holdings
The Gross Law Firm has issued an important notice regarding a securities class action on behalf of Celsius Holdings, Inc. (NASDAQ: CELH). The firm invites shareholders who purchased shares of CELH to explore their rights and options in light of recent developments.
Who Should Take Action?
This class action specifically focuses on shareholders who were invested in Celsius during the designated class period. If you bought shares during this time and believe you may have suffered losses, reaching out to the firm could provide valuable guidance. Participation as a lead plaintiff is not mandatory, allowing anyone affected to seek recovery without assuming this title.
Details of the Class Action
The allegations in this case revolve around claims that Celsius misled investors regarding its business prospects and financial health. Reports suggest that the company not only inflated the market price of its stock but also allowed insiders to sell off significant shares while the prices were manipulated. Specifically, accusations indicate that over 21.6 million shares were sold at these inflated prices, resulting in massive profits exceeding $1.4 billion.
Important Class Period Dates
The specified class period runs from February 29, 2024, to September 4, 2024. With the deadline for registration approaching, it is crucial for potential class members to act swiftly and register their information with the firm.
Next Steps for Shareholders
For those who qualify, registering as a shareholder will grant access to portfolio monitoring tools, providing updates and insights as the case progresses. Attending to this as soon as possible ensures that shareholders maintain awareness and can track their interests throughout the legal process. Remember, there is no financial obligation to register or participate.
Why Choose the Gross Law Firm?
The Gross Law Firm stands out as a nationally recognized entity dedicated to advocating for investor rights. The firm focuses on holding companies accountable for deceitful actions and ensuring compliance with ethical business practices. Their commitment to protecting shareholder interests is profound, and they strive to support individuals who have experienced losses due to misleading statements or other unethical behaviors.
Contact Information
For inquiries, feel free to reach out directly to The Gross Law Firm. They maintain a physical office presence to assist you:
The Gross Law Firm
15 West 38th Street, 12th Floor
New York, NY 10018
Phone: (646) 453-8903
Frequently Asked Questions
What is the purpose of the class action?
The class action seeks to hold Celsius accountable for alleged misleading statements that caused financial harm to shareholders.
Who can join the class action?
Any shareholders who purchased Celsius shares during the specified class period are eligible to join.
What are the next steps for those interested?
Interested shareholders should register their details with The Gross Law Firm promptly to ensure they receive updates and can participate in the case.
Is there a cost to participate?
No, there is no cost for shareholders to register and participate in the class action.
Why is it important to register quickly?
Registering quickly ensures that shareholders are included in the ongoing legal proceedings and kept informed about significant developments.
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Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. If any of the material offered here is inaccurate, please contact us for corrections.
