An investigation on behalf of current long term investors in Celsius Holdings, Inc. (NASDAQ:CELH) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 06/24/2022 -- An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Celsius Holdings, Inc.
Investors who are current long term investors in Celsius Holdings, Inc. (NASDAQ: CELH) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NASDAQ: CELH stocks follows a lawsuit filed against Celsius Holdings, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: CELH stocks, concerns whether certain Celsius Holdings, Inc. directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the Defendants failed to disclose to investors that the Company had improperly recorded expenses for non-cash share-based compensation for second and third quarters of 2021, that, 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,that there was a material weakness in Celsius's internal controls over financial reporting, and that 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.
Those who purchased shares of Celsius Holdings, Inc. (NASDAQ: CELH) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Christopher Clausen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.