NEW YORK, May 13, 2022 /PRNewswire/ -- Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of Celsius Holdings, Inc. (NASDAQ: CELH).
To receive updates on the lawsuit, fill out the form:
https://claimyourloss.com/securities/celsius-holdings-inc-loss-submission-form/?id=27148&from=4
The lawsuit seeks to recover losses for shareholders who purchased Celsius between August 12, 2021 and March 1, 2022.
Shareholders interested in acting as a lead plaintiff representing the class of wronged shareholders have until May 16, 2022 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
According to a filed complaint, Celsius Holdings, Inc. issued materially false and/or misleading statements and/or failed to disclose that: (1) the Company had improperly recorded expenses for non-cash share-based compensation for second and third quarters of 2021; (2) as a result, the Company's financial statements for those periods would be restated, including to report a net loss for the third quarter of 2021; (3) there was a material weakness in Celsius's internal controls over financial reporting; and (4) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
View original content:https://www.prnewswire.com/news-releases/celh-shareholder-alert-jakubowitz-law-reminds-celsius-shareholders-of-a-lead-plaintiff-deadline-of-may-16-2022-301546637.html
SOURCE Jakubowitz Law
