Securities Claims Trimmed In Celsius Stock-Drop Suit Over Options Grants

Mealey's (March 23, 2023, 2:50 PM EDT) -- WEST PALM BEACH, Fla. — A federal judge in Florida issued an order March 22 adopting a magistrate judge’s recommendation that claims in a shareholder class action alleging that energy drink maker Celsius Holdings Inc. and certain of its senior executives fraudulently accounted for stock option grants to former employees in violation of federal securities laws be dismissed in part because the lead plaintiffs sufficiently pleaded scienter with regard to just one of the two individual defendants....