Kuznicki Law PLLC notifies investors that a class action has commenced in the United States District Court for the Southern District of Florida on behalf of shareholders of Celsius Holdings, Inc. who purchased shares between February 21, 2025 and June 23, 2026.
Celsius Holdings and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On April 9, 2026, media outlets reported that the family of a 17-year-old girl had filed a wrongful death lawsuit against two distributors of Alani Nu energy drinks, a brand the Company acquired on April 1, 2025 for a net purchase price of $1.65 billion, alleging that she died from an enlarged heart caused by drinking the energy drinks, which “had inadequate warnings about the serious cardiac risks” of consuming them. On this news, the price of Celsius Holdings shares fell $1.52, or approximately 4.2%, to close at $34.86 on April 10, 2026.
Then, on June 4, 2026, the Texas Attorney General announced an investigation into the Company for potentially marketing its high-caffeine energy drinks to children and teens, and to determine whether it violated the Texas Deceptive Trade Practices Act by misrepresenting the safety of its products. On this news, the price of Celsius Holdings shares fell $2.26, or approximately 7.5%, to close at $27.75 on June 4, 2026.
If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the respective securities during the class periods. Members of the class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. No class has yet been certified in the above action. Appointment as Lead Plaintiff is not required to partake in any recovery.
Shareholders have until November 3, 2026 to request that the court appoint them lead plaintiff.