Overview

A class action lawsuit has been filed against Celsius Holdings, Inc. (“Celsius or the “Company”) (NASDAQ: CELH) and certain of the Company’s former senior executive officers alleging violations of the federal securities laws.  The Celsius class action lawsuit is brought on behalf of all persons and entities who purchased or otherwise acquired Celsius common stock during the period between February 29, 2024, and September 4, 2024, both dates inclusive (the “Class Period”).  Investors have until January 21, 2025, to seek appointment as lead plaintiff in the Celsius class action lawsuit.

Through its operating subsidiaries, Celsius offers various products in the functional energy drink category in the United States and internationally.  The Company’s flagship asset is Celsius, a no-sugar fitness drink or supplement the Company states is designed (with exercise) to accelerate metabolism and burn body fat while providing energy.  Celsius comes in a ready-to-drink form and a powdered form, as well as various flavors and carbonated and non-carbonated options under the CELSIUS Originals and Vibe names.  In 2023, the Company introduced a new CELSIUS Essentials line, which contains essential amino acids and is available in 16-ounce cans.  The Company distributes its products through direct-to-store delivery, distributors, supermarkets, convenience stores, drug stores, nutritional stores, and mass merchants, as well as health clubs, gyms, the military, and e-commerce websites.  Since breaking into the energy drink market, Celsius saw rapid growth, with sales and profits swelling, making Celsius an attractive investment to buy and hold.

The Celsius class action lawsuit alleges that Defendants are liable for (1) making false statements; or (2) failing to disclose non-public facts known to them about Celsius and the true market value of its common stock.  Defendants’ fraudulent scheme and course of business that operated as a fraud or deceit on purchasers of Celsius common stock was a success, as it: (i) deceived the investing public regarding Celsius’s prospects and business; (ii) artificially inflated the market price of Celsius common stock; (iii) allowed certain officers, directors, and insiders to generate enormous insider proceeds by selling more than 21.6 million of their personally held shares of Celsius common stock at artificially inflated prices, reaping more than $1.4 billion; and (iv) caused Plaintiff and other members of the Class to purchase Celsius common stock at artificially inflated prices and suffer damages as the true facts regarding Celsius were revealed.

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If you purchased or otherwise acquired Celsius common stock during the period between February 29, 2024, and September 4, 2024, both dates inclusive, and you wish to serve as lead plaintiff in this lawsuit, we encourage you to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt partner Brian O’Mara by calling (888) 287-9005 or at [email protected]. 

The deadline to apply to the Court to serve as lead plaintiff in the Celsius class action lawsuit is January 21, 2025.