Celsius Holdings Faces Securities Fraud Class Action
News related to:Celsius Holdings, Inc · 2 min read
Celsius Holdings, Inc., a company that recently acquired the Alani Nu energy drink brand, is facing a securities fraud class action lawsuit. The lawsuit, filed by the law firm Kahn Swick & Foti, LLC, alleges that the company and certain executives failed to disclose material information during a specific period, violating federal securities laws.
According to the press release, the lawsuit is based on two significant events that occurred during the class period, which ran from February 21, 2025, to June 3, 2026. This news caused the price of Celsius Holdings shares to fall by $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 Celsius Holdings 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. This news led to a further decline in the company's stock price, with shares falling $2.26, or approximately 7.5%, to close at $27.75 on June 4, 2026.
The lawsuit, titled Majkowski v. Celsius Holdings, Inc., et al., No. 26-cv-62465, is pending in the United States District Court for the Southern District of Florida. Investors who purchased Celsius Holdings securities during the class period are encouraged to contact Lewis Kahn, a partner at Kahn Swick & Foti, LLC, to discuss their legal rights and options.
Kahn Swick & Foti, LLC, a boutique securities litigation law firm, is one of the nation's premier firms in this area. The firm's partners include former Louisiana Attorney General Charles C. Foti, Jr., and they have a track record of significant recoveries for investors affected by corporate fraud or malfeasance.
The press release highlights the firm's commitment to representing investors and seeking justice for those who have suffered economic losses due to corporate misconduct. Investors who believe they may have a case are urged to act quickly, as the deadline to file a lead plaintiff application is November 3, 2026.