Celsius Holdings, Inc.
(NASDAQ CM: CELH)
Rigrodsky Law, P.A. is investigating potential claims against the officers and directors of Celsius Holdings, Inc. ("Celsius" or the "Company") on behalf of stockholders. A class action complaint has been filed against Celsius. The complaint alleges that defendants made materially false and/or misleading statements, and failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, defendants failed to disclose to investors that: (i) the Company had improperly recorded expenses for non-cash share-based compensation for second and third quarters of 2021; (ii) 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; (iii) there was a material weakness in the Company's internal controls over financial reporting; and (iv) 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.