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CELH.US

id: 823

Celsius Holdings (CELH) $7.9M Shareholder Settlement

The settlement funds have been distributed to claimants.

$7,900,000

Cash Settlement

S.D. Florida

Court

9:22-cv-80418

Case number

08/12/2021

Class period Start

03/01/2022

Class period End

12/27/2023

Claim deadline

Celsius Holdings (CELH) settles $7.9 million with shareholders to end claims over failing to disclose to investors that $CELH improperly recorded expenses for non-cash share-based compensation for Q2 and Q3 2021.

Case Type

US Securities Class Action

Case Status

Disbursed

Alleged Offence

Misleading Statements,

Financial Misrepresentation,

Failure to Disclose,

Omissions

Suspected Party

Directors,

Management

Security Type

Stocks

Trade Direction

Long

Payout per Share

0.56

Filing date

03/16/2022

Lead Plaintiff Deadline

05/16/2022

Plaintiffs

Сity of Atlanta Police Officers’ Pension Plan

Attorneys

Grant & Eisenhofer P.A.

Defendants

John Fieldly, Edwin Negron-Carballo

Judge

Hon. Donald M. Middlebrooks

Administrator

KCC

Settlement agreement date

2023-08-02

Court hearing date

01/31/2024

Exclusion deadline

01/10/2024

Objection deadline

01/10/2024

Hearing deadline

01/10/2024

Trades matching type

FIFO

Disbursement date

01/06/2025

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