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New York, New York—Rosen Law Firm, a prominent law firm that focuses on investor rights, has issued a reminder for individuals who purchased common stock or sold puts of Celsius Holdings, Inc. (NASDAQ: CELH) between February 29 and September 4, 2024. Those affected by this timeline are encouraged to take note of the crucial lead plaintiff deadline set for January 21, 2025.
If you engaged in the purchase or sale of Celsius shares within the specified Class Period, you may have grounds for compensation without incurring any upfront fees through a contingency fee structure.
For those interested in participating in the Celsius class action, additional information is available at this link. You can also contact Phillip Kim, Esq. at 866-767-3653 or email case@rosenlegal.com. A class action lawsuit is already underway, and those wishing to serve as lead plaintiff must file a motion with the Court by January 21, 2025. The lead plaintiff will represent the interests of all class members in the ongoing litigation.
Rosen Law Firm emphasizes the importance of selecting competent legal counsel with a proven history in leading similar cases. They caution that many firms issuing notices may not have the requisite experience or recognition in securities litigation. Often, these firms act merely as intermediaries, while Rosen Law Firm focuses on rigorous representation of investors worldwide, particularly in securities class actions and shareholder derivative lawsuits. The firm has notable achievements, including securing significant settlements, such as the largest known securities class action settlement involving a Chinese company at the time. Their extraordinary performance in 2017 earned them the top rank for securities class action settlements by ISS Securities Class Action Services, and they have consistently ranked among the top firms in this field since 2013, recovering substantial amounts for investors annually.
The lawsuit details indicate that during the Class Period, the defendants may have provided false or misleading information. Specifically, it is alleged that Celsius significantly oversold inventory to PepsiCo, which exceeded market demand, thereby anticipating a dramatic reduction in sales as Pepsi began to deplete its inventory. This overstatement of Celsius’ financial health led to a distorted view of its performance and future prospects, which ultimately did not align with the reality faced by the company. As the truth became apparent, affected investors reportedly sustained financial losses.
For further information on joining the Celsius class action, please visit this link or call Phillip Kim, Esq. toll-free at 866-767-3653, or email case@rosenlegal.com.
It is important to note that no class has been certified thus far. Until such certification occurs, participation in the class does not imply legal representation unless an attorney is retained. Investors have the option to choose their own legal representation or may opt to remain uninvolved at this stage. The potential for recovering any future compensation does not hinge on being a lead plaintiff.
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