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Class Action Lawsuit Filed Against Celsius Holdings Over Securities Allegations

1 report, 1 independent Updated Sep 22
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What happened

Some supportReported by 1 outlet

A class action lawsuit has been filed against Celsius Holdings, Inc. (NASDAQ: CELH) regarding alleged violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5. The complaint alleges that the company made false and misleading statements to the market. Specifically, the company allegedly failed to inform consumers about potential health risks associated with its Alani Nu drinks, which were marketed to consumers under the age of 18.

From gazettextra.com

Why it matters

Some supportBrind's analysis of the reports

The lawsuit claims that the company's public statements were false and materially misleading throughout the class period of February 21, 2025, to June 3, 2026. Investors who purchased shares of CELH during this time are encouraged to contact the law firm regarding possible lead plaintiff appointments.

From gazettextra.com

Who's involved

  • Celsius NetworkDefendant in the class action lawsuit regarding alleged securities law violations.
  • Monster BeverageCompetitor in the global energy drink industry.
  • Ken PaxtonLeading an ongoing investigation into Celsius Network regarding potential securities fraud.
  • SECRegulatory body under which Celsius Network operates.

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Coverage

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