Judge Grants Preliminary Settlement Approval In Energy Drink Securities Fraud Case

(September 14, 2023, 7:30 AM EDT) -- WEST PALM BEACH, Fla. — A federal judge in Florida granted preliminary approval of a class action settlement of $7.9 million in a case brought by shareholders who claimed that energy drink manufacturer Celsius Holdings Inc. fraudulently accounted for stock options to former employees, finding that the shareholders adequately demonstrated that the settlement would likely be granted final approval by the court....

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