CELSIUS HOLDINGS SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Celsius Holdings, Inc. - CELH
The alleged false and misleading statements and omissions include, but are not limited to, that: (1) the Company materially oversold inventory to PepsiCo, Inc.("Pepsi”) far in excess of demand, and faced a looming sales cliff during which Pepsi would significantly reduce its purchases of Celsius products; (2) as Pepsi drew down significant amounts of inventory overstock, Celsius’ sales would materially decline in future periods, hurting Celsius’ financial performance and outlook; (3) the Company’s sales rate to Pepsi was unsustainable and created a misleading impression of its financial performance and outlook; (4) as a result, the Company’s business metrics and financial prospects were not as strong as indicated in defendants’ Class Period statements; and (5) as a result, defendants’ statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
About ClaimsFiler ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements.At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.
NEW ORLEANS, Nov.27, 2024 (GLOBE NEWSWIRE) -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until January 21, 2025 to file lead plaintiff applications in a securities class action lawsuit against Celsius Holdings, Inc.(the "Company”) (NasdaqCM: CELH), if they purchased the Company’s shares between February 29, 2024 and September 4, 2024, inclusive (the "Class Period”).
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