New York, New York–(Newsfile Corp. – January 19, 2025) – FOR WHAT: Rosen Law Firm, an international investor rights law firm, reminds buyers of common stock and sellers of put Securities in Celsius securities Inc. (NASDAQ:NASDAQ:) between February 29, 2024 and September 4, 2024, both dates inclusive (the “Class Period”), of the material Deadline January 21, 2025 for principal applicant.
AND THEN: If you purchased Celsius common stock or sold Celsius put options during the Class Period, you may be entitled to compensation without payment of any fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Celsius class action, go to https://rosenlegal.com/submit-form/?case_id=31677 or call Phillip Kim, Esq. at 866-767-3653 or email case@rosenlegal.com for more information. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the court no later than January 21, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY THE ROSEN LAW: We encourage investors to select qualified advisors with a proven track record in leadership roles. Often, companies issuing reviews do not have significant experience, resources, or peer recognition. Many of these firms do not actually defend securities class actions, but are simply intermediaries who refer clients or partner with law firms that actually litigate the cases. Be wise in choosing a lawyer. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. The Rosen Law Firm obtained the largest securities class action settlement against a Chinese company at the time. Rosen Law Firm Ranked #1 by ISS Securities Class Action (WA:) Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone, the company secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of the Plaintiffs Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
CASE DETAILS: According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Celsius’ inventory was materially oversold to PepsiCo (NASDAQ:), Inc. (“Pepsi”), well in excess of demand and faced a looming sales cliff during which Pepsi would significantly reduce its purchases of Celsius products; (2) as Pepsi reduced significant amounts of its excess inventory, Celsius’s sales would decline significantly in future periods, which would harm Celsius’s financial performance and prospects; (3) Celsius’ sales rate to Pepsi was unsustainable and created a misleading impression about Celsius’ financial performance and prospects; (4) as a result, Celsius’ business metrics and financial outlook were not as strong as indicated in Defendants’ representations during the Class Period; and (5) therefore, Defendants’ statements regarding Celsius’ prospects and expected financial performance were false and misleading at all relevant times. When the true details were leaked to the market, the lawsuit claims, investors suffered damages.
To join the Celsius class action, go to https://rosenlegal.com/submit-form/?case_id=31677 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action.
No classes have been certified. Until a class is certified, you are not represented by an attorney unless you retain one. You can choose the lawyer of your choice. You can also remain an absent member of the group and do nothing at this point. An investor’s ability to participate in any potential future recovery is not dependent on its status as lead plaintiff.
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