Scott+Scott Attorneys at Law LLP has launched an investigation into whether certain officers and directors of Celsius Holdings, Inc. breached their fiduciary duties to the company. The law firm is examining if Celsius management failed to oversee operations acceptably, potentially causing damages to the company and its shareholders. The investigation follows a regulatory action by the Office of the Texas Attorney General.

Regulatory scrutiny

On June 4, 2026, the Office of the Texas Attorney General announced an investigation into Celsius Holdings. The state probe focuses on allegations that the company put children at risk by deceptively marketing energy drinks to minors. This development has prompted the legal scrutiny by Scott+Scott regarding corporate governance failures.

Investigation details

Attorney Joseph A. Pettigrew is leading the investigation for Scott+Scott. The firm is assessing whether Celsius common stock owners have been impacted by the company's marketing practices. Shareholders who wish to participate in the investigation can do so at no cost.

Scott+Scott has stated that joining the investigation involves filling out a form to understand shareholder rights and the legal process. The firm emphasizes its track record in pursuing corporate governance and monetary recoveries for companies and shareholders.

Shareholders who currently own Celsius common stock and wish to discuss the investigation may contact attorney Joe Pettigrew toll-free at (844) 818-6982 or via email at jpettigrew@scott-scott.com .

Morgan Stanley analyst Eric Serotta has maintained an Overweight rating on Celsius Holdings while lowering the price target to $48 from $55. The revised target indicates a recalibration of the stock's potential valuation despite the continued positive stance.

Rating and Price Target

The firm's decision to keep the Overweight rating suggests confidence in the company's long-term performance. However, the reduction in the price target signals a more conservative near-term outlook.