NATIONALLY RANKING ROSEN LAW FIRM Encourages Celsius Investors to Get Counsel Ahead of Important Deadline in Securities Class Action – CEL
Monday, August 22, 2022 09:20 MYT
New York, New York – Newsfile Corp. – August 19, 2022 – WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of Celsius financial products, including CEL tokens, Earn Rewards high interest accounts and/or Celsius loan products, between 9 February 2018 and June 13, 2022 inclusive (the “Class Period”), against Celsius Network LLC (“Celsius”), Celsius Lending LLC, Celsius KeyFi LLC (collectively, the “Celsius Entities”) and its principals Alexander Mashinsky, Shlomi “Daniel” Leon, David Barse and Alan Jeffrey Carr (together, the “defendants”), of the important Deadline of September 13, 2022 for the main applicant.
SO WHAT: If you have purchased Celsius Financial Products, including CEL Tokens, Earn Rewards High Interest Accounts and/or Celsius Loan Products, you may be entitled to compensation without payment of any fees or out-of-pocket costs through a contingent fee arrangement.
WHAT TO DO NEXT: To join the Celsius class action, go to https://rosenlegal.com/submit-form/?case_id=7586 or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] Where [email protected] for more information on the class action. A class action lawsuit has already been filed. If you wish to act as lead plaintiff, you must move the Court no later than September 13, 2022. A lead plaintiff is a representative party acting on behalf of the other class members to direct the litigation.
WHY THE ROSEN LAW: We encourage investors to select qualified lawyers with proven track records in leadership roles. Often, companies issuing reviews do not have comparable experience, resources, or significant peer recognition. Many of these firms do not actually handle securities class action lawsuits, but are merely middlemen who refer clients or partner with law firms that actually litigate the cases. Be wise in choosing lawyers. Rosen Law Firm represents investors worldwide, focusing its practice on securities class action and shareholder derivative litigation. Rosen Law Firm has reached the largest securities class action settlement against a Chinese company. Rosen Law Firm was ranked #1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has ranked in the top 4 every year since 2013 and has recovered hundreds of million dollars for investors. In 2019 alone, the company secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
CASE DETAILS: According to the lawsuit, the defendants violated securities law provisions by selling non-exempt securities without registering them. The complaint alleges that Celsius and the individual defendants violated securities law provisions by also participating in Celsius’ failure to register Celsius financial products. The Complaint alleges that the Defendants violated New Jersey common law provisions by possessing the monetary value of Celsius financial products of inflated value that rightfully belong to the Plaintiff and Class Members.
Also according to the lawsuit, the defendants violated the provisions of the Exchange Act by carrying out a plan, scheme and course of conduct that Celsius intended to deceive retail investors and thereby cause them to purchase Celsius financial products at artificially inflated prices; endorsed false statements that they knew or ought to have known recklessly to be materially misleading, and they misrepresented material facts and failed to state material facts necessary for the statements made not to be misleading.
To join the Celsius class action, go to https://rosenlegal.com/submit-form/?case_id=7586 or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] Where [email protected] for more information on the class action.
No class has been certified. Until a class is certified, you are not represented by an attorney unless you retain one. You can choose the lawyer of your choice. You can also remain an absent party member and do nothing at this point. An investor’s ability to participate in any potential future upturn does not depend on their status as lead plaintiff.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
The issuer is solely responsible for the content of this announcement.