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Celsius Holdings, Inc. (NASDAQ: CELH) Investor Alert: Schubert Jonckheer & Kolbe LLP Investigating Possible Shareholder Claims for False Statements and Insider Trading
SAN FRANCISCO, March 24, 2025 /PRNewswire/ -- Schubert Jonckheer & Kolbe LLP advises Celsius Holdings, Inc. ("Celsius") investors that the firm is investigating potential legal claims relating to alleged false statements and significant insider trading. Current shareholders are encouraged to contact the firm.
According to allegations in a recently filed securities class action lawsuit pending in the U.S. District Court for the Southern District of Florida, Celsius and corporate insiders made false and misleading statements to investors between February 2024 and September 2024 that Celsius materially oversold inventory to its key partner and distributor PepsiCo, Inc. far in excess of demand, and that Celsius's sales rate to Pepsi was therefore unsustainable and created a misleading impression of Celsius's sales outlook. As a result, Celsius's business and financial prospects were allegedly overstated, inflating the stock price. During this period, company insiders are alleged to have sold over $1.4 billion of their Celsius stock. When the truth came out, the lawsuit claims that investors suffered damages.
The Schubert Firm is investigating potential wrongdoing by Celsius's directors and officers in connection with these allegations.
If you own stock in Celsius and want additional information about your legal rights, please visit our website at https://www.classactionlawyers.com/celsius.
About Schubert Jonckheer & Kolbe LLP
Schubert Jonckheer & Kolbe represents shareholders, employees, and consumers in class actions against corporate defendants, as well as shareholders in derivative actions against their officers and directors. The firm is based in San Francisco, and with the help of co-counsel, litigates cases nationwide.
Contact
Schubert Jonckheer & Kolbe LLP
dschubert@schubertlawfirm.com
Tel: 415-788-4220
View original content:SOURCE Schubert Jonckheer & Kolbe LLP
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