Celsius

Major Legal Firm Files Class Action Against Celsius Holdings, Alleging Securities Violations

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RADNOR, Pa. — A significant lawsuit has been filed by the law firm Kessler Topaz Meltzer & Check, LLP against Celsius Holdings, Inc., and this litigation falls under the umbrella of a securities class action. The legal action accuses the beverage company, known for its fitness drinks, of potential violations pertaining to federal securities laws. At the core of this lawsuit is the allegation that Celsius Holdings, Inc. may have issued materially misleading information to the investing public. This raises substantial concerns about transparency and adherence to the requisite regulations that govern public companies and … Read more

Robbins LLP Alerts Shareholders: New Class Action Lawsuit Targets Celsius Holdings, Inc. Over Investor Concerns

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Investors who hold shares in Celsius Holdings, Inc. are currently facing legal challenges as a class action lawsuit has been filed against the beverage company. The complaint, lodged on behalf of the shareholders, alleges severe financial misconduct and misrepresentation by Celsius Holdings which has led to considerable losses for investors. The legal action centers on accusations that Celsius Holdings provided misleading financial data to the public, significantly inflating its market value. This came to light after a forensic financial review suggested that some of the reported financial successes were overstated, misleading investors about the company’s … Read more

Tether Strikes Back, Labels Celsius’ Bitcoin Liquidation Lawsuit as “Baseless”

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New York — In a recent legal battle shaking the foundations of the cryptocurrency market, Tether has vehemently dismissed allegations from Celsius regarding the liquidation of massive Bitcoin holdings. The lawsuit filed by Celsius claims that its financial stability was compromised due to the premature sale of Bitcoin by Tether under a credit agreement. Tether has responded, labeling the lawsuit as entirely groundless and asserting that its actions were justified under the terms of the agreement. According to legal documents made available this week, Celsius argues that Tether’s decision to liquidate its Bitcoin assets in … Read more