| COMPANY |
Celsius Holdings, Inc. |
| COURT |
United States District Court for the Southern District of Florida |
| CASE NUMBER |
24-cv-81472 |
| JUDGE |
The Honorable Melissa Damian |
| CLASS PERIOD |
May 9, 2023 and November 5, 2024 |
| SECURITY TYPE |
Securities |
Case Background:
This is a securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired Celsius Holdings, Inc. (“Celsius”) (NASDAQ: CELH) securities between May 9, 2023 and November 5, 2024, inclusive (the “Class Period”).
The complaint alleges that, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Celsius materially oversold inventory to 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) Celsius’ sales rate to Pepsi was unsustainable and created a misleading impression of Celsius’ financial performance and outlook; (4) as a result, Celsius’ business metrics and financial prospects were not as strong as indicated in Defendants’ Class Period statements; and (5) consequently, Defendants’ statements regarding Celsius’ outlook and expected financial performance were false and misleading at all relevant times.
Current Status of Case:
Defendants filed the Motion to Dismiss the Amended Complaint on June 13, 2025. This action is ongoing.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.