Joe Rogan is "genuinely concerned" about drone sightings in New York and New Jersey areaKF Aerospace president CEO tapped for Canada's Aviation Hall of FameFace biometrics are a common theme running through the most-read articles of the week on , along with the impact that deepfakes and synthetic data are having on the field’s market and development. New algorithms from Innovatrics and Incode performed well in NIST testing and a new training dataset of synthetic identities seeks to bridge the realism gap. A report from Entrust and Onfido reveals the alarming frequency of deepfake-fueled fraud attempts and a new group including the ACCS, AVPA and Privately is looking into defending age assurance systems against deepfakes. Facial recognition is also the mechanism that will be relied on to keep Australian teens off of social media and make Europe’s border protection plans operationally feasible. Elsewhere, Jordan Burris delves into Socure’s advice for the incoming American government on digital ID. A group of technology and child welfare advocates in Australia waded into that country’s , arguing for the a more moderate regulatory approach. The dangers of social media for children are well documented, but the proposal would affect how everyone uses the internet, while not everyone understands what is being proposed or how it would work. NIST published a new update to its 1:N FRTE track earlier this month, which shows particularly from Innovatrics and Incode. Both algorithms cracked the top 10 in multiple categories, while familiar entries from NEC, Idemia, Paravision, CloudWalk, SenseTime and Megvii showed top results. NIST also published guidelines for the U.S. federal government’s identity verification and access control system, which is based on ID cards. The new documents cover identity services. Both are final public drafts, and comments will be accepted until January 10. Digital identity should be given and a national taskforce formed to advance it, Socure says among five recommendations for the new government. Jordan Burris tells in an interview that the critical infrastructure status is a natural extension of designations already on the books, and explains how leadership and collaboration can enable a leap forward for America’s defense against fraud. Remote pre-enrollment may be the best way to with faster operations for the EU’s EES, but is running up against the requirement for fingerprint biometrics and concern about contactless fingerprint spoofing. There were key points from an industry roundtable held by eu-LISA, and featuring insights from numerous stakeholders including iProov and Mühlbauer. CBP is using to help maintain the security of biometrics and other sensitive personal data, and prevent another incident like the Perceptics breach. Even the automated tests themselves require robust data security, and they are likely to be used even more extensively as CBP migrates more systems to cloud environments. World ID enrollments are back on in Brazil, and off in the Dominican Republic, where a consumer rights regulator has ordered their suspension. The company has , from the physical appearance of its iris biometric-scanning orbs to the latest accusations of “abusive” contract clauses in the name of “privacy rocket science.” The frequency of deepfake attacks has reached every five minutes, according to the 2025 Identity Fraud Report from Entrust and Onfido. The report also shows more than half of all document fraud in the digital channel involves , and the crypto industry is a relatively common target. Deepfakes pose a potential threat beyond financial fraud as well, and stakeholders within the age assurance community have come together to launch the against presentation and injection attacks. The project is run by the ACCS, AVPA and Privately. Technology and law are both being turned against deepfakes, at predictably differing paces. Authologic’s digital ID aggregation business model gets a closeup from in the wake of its $8 million fundraise. The company’s founders believe malicious use of AI is a threat to civilization itself. Meanwhile in Minnesota, a court challenge to an anti-deepfake law has been led on a detour by an academic who filed a brief that appears to contain citations hallucinated by a large language model, according to . Synthetic data holds the potential to help train better facial recognition systems, but the existing databases fall short of the realism needed to realize that potential, say researchers from Idiap. They built a database with nearly 400,000 face images of , which they call Digi2Real, using foundational models, to address the realism gap. Please let us know about any interviews, editorials, podcasts or other content we should share with the biometrics and digital identity community either in the comments below or through social media. | | | |
DETROIT (AP) — Starting in September of 2027, all new passenger vehicles in the U.S. will have to sound a warning if rear-seat passengers don’t buckle up. Related Articles National News | Former TV host Carlos Watson gets nearly 10 years in prison in case about failed startup Ozy Media National News | TikTok asks the Supreme Court for an emergency order to block a US ban unless it’s sold National News | Survivors seek a reckoning as FBI investigates child sex abuse in little-known Christian sect National News | Trump migrant deportations could threaten states’ agricultural economies National News | Federal Reserve is likely to slow its rate cuts with inflation pressures still elevated The National Highway Traffic Safety Administration said Monday that it finalized the rule, which also requires enhanced warnings when front seat belts aren’t fastened. The agency estimates that the new rule will save 50 lives per year and prevent 500 injuries when fully in effect, according to a statement. The new rule will apply to passenger cars, trucks, buses except for school buses, and multipurpose vehicles weighing up to 10,000 pounds. Before the rule, seat belt warnings were required only for the driver’s seat. Under the new rule, outboard front-seat passengers also must get a warning if they don’t fasten their belts. Front-center seats will not get a warning because NHTSA found that it wouldn’t be cost effective. The agency said most vehicles already have warnings for the outboard passenger seats. The rule also lengthens the duration of audio and visual warnings for the driver’s seat. The front-seat rules are effective starting Sept. 1 of 2026. Rear passengers consistently use seat belts at a lower rate than front passengers, the agency says. In 2022, front belt use was just under 92%, while rear use dropped to about 82%. About half of automobile passengers who died in crashes two years ago weren’t wearing belts, according to NHTSA data. The seat belt rule is the second significant regulation to come from NHTSA in the past two months. In November the agency bolstered its five-star auto safety ratings to include driver assistance technologies and pedestrian protection. Safety advocates want the Department of Transportation, which includes NHTSA, to finish several more rules before the end of the Biden administration, because President-elect Donald Trump has said he’s against new government regulations. Cathy Chase, president of Advocates for Highway and Auto Safety, urged the department to approve automatic emergency braking for heavy trucks and technology to prevent impaired driving.Several skiers injured after chairlift incident at Heavenly Mountain Resort in Sierra
New coach Chris Holtmann has been tasked with rebuilding DePaul to the point where it can return to the NCAA Tournament for the first time since 2004. Northern Illinois coach Rashon Burno knows what it takes to steer DePaul to the NCAAs because he was the starting point guard on the 2000 team that made the tournament -- the Blue Demons' only other NCAA appearance since 1992. Perhaps they can compare notes Saturday afternoon when Burno leads the Huskies (2-3) back to his alma mater as DePaul (5-0) hosts its sixth straight home game in Chicago. Last season, Burno's NIU squad helped accelerate DePaul's need for a new coach -- as the Huskies waltzed into Wintrust Arena and owned Tony Stubblefield's Blue Demons by an 89-79 score on Nov. 25. The Huskies built a 24-point second-half lead before coasting to the finish line. Can history repeat for NIU? There's just one problem with using last year's game as a potential barometer for Saturday's rematch: Almost no players on this year's teams were part of last year's squads. At DePaul, only assistant coach Paris Parham remains as Holtmann had the green light to bring in an all-new roster. UIC graduate transfer Isaiah Rivera (16.0 ppg, .485 3-point rate) and Coastal Carolina transfer Jacob Meyer (15.4 ppg, .406 on 3s) lead a balanced attack that focuses on getting half its shots from beyond the arc. At NIU, Burno retained only two players who competed against DePaul last year -- Ethan Butler and Oluwasegun Durosinmi -- and they combined for three points in 26 minutes in that game. The Huskies' main players used the transfer portal to join such programs as Kansas, Wisconsin, Penn State, Colorado State, James Madison, Georgia State and Niagara. With every starting job open, Butler has jumped into the lineup and produced 11.6 points, 4.8 rebounds, 1.8 blocks and 1.4 steals per game. Transfers Quentin Jones (Cal Poly) and James Dent (Western Illinois) pace the Huskies with 14.4 and 14.0 points per game. NIU is on a two-game losing streak, most recently a 75-48 home defeat at the hands of Elon on Wednesday. Holtmann hopes to have Arkansas transfer Layden Blocker for Saturday's game. Blocker missed Tuesday's 78-69 win over Eastern Illinois with a quad injury. With the combo guard unavailable, point guard Conor Enright handed out a career-high 11 assists in a season-high 38 minutes. "We need (Blocker)," Holtmann said. "I don't want to play Conor 38 minutes." --Field Level Media
Mickey, Minnie, Goffy and WembyNEW YORK , Dec. 10, 2024 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Celsius Holdings, Inc. (NASDAQ: CELH) between February 29, 2024 and September 4, 2024 , both dates inclusive (the "Class Period"), of the important January 21, 2025 lead plaintiff deadline. So what: If you purchased Celsius common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. What to do next: To join the Celsius class action, go to https://rosenlegal.com/submit-form/?case_id=31677 or call Phillip Kim, Esq. at 866-767-3653 or email case@rosenlegal.com for more information. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 21 , 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm 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. Details of the case: According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Celsius materially oversold inventory to PepsiCo, Inc. ("Pepsi") far in excess of demand, and faced a looming sales cliff during which Pepsi would significantly reduce its purchases of Celsius products; (2) as Pepsi drew down significant amounts of inventory overstock, Celsius' sales would materially decline in future periods, hurting Celsius' financial performance and outlook; (3) Celsius' sales rate to Pepsi was unsustainable and created a misleading impression of Celsius' financial performance and outlook; (4) as a result, Celsius' business metrics and financial prospects were not as strong as indicated in defendants' Class Period statements; and (5) consequently, defendants' statements regarding Celsius' outlook and expected financial performance were false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the Celsius class action, go to https://rosenlegal.com/submit-form/?case_id=31677 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm , on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/ . Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 case@rosenlegal.com www.rosenlegal.com View original content to download multimedia: https://www.prnewswire.com/news-releases/celh-investors-have-opportunity-to-lead-celsius-holdings-inc-securities-fraud-lawsuit-302327947.html SOURCE THE ROSEN LAW FIRM, P. A. Stay Informed: Subscribe to Our Newsletter TodayFacepalm: Generative AI services are gaining immense popularity among both internet users and cybercriminals. According to the FBI, "synthetic" content is increasingly being exploited to carry out various types of fraud. However, with the right precautions, individuals can still effectively protect themselves online. The FBI has issued an alert about the criminal misuse of generative AI technology. In a recently published public service announcement, the bureau warns Americans that fraudsters are exploiting AI-generated content to make their illegal schemes more convincing and effective. According to the FBI, generative AI allows criminals to reduce the time and effort needed to deceive their targets. These AI tools take user inputs to "synthesize" entirely new content based on prompts. They can even help correct human errors that might otherwise raise suspicion, particularly in AI-generated text. Creating content with AI isn't inherently illegal, but it becomes a crime when that content is used in fraud or extortion attempts. The FBI's alert outlines several examples of how generative AI can be misused and offers practical advice to help users protect themselves online. AI-generated text can appear highly convincing in social engineering or spear-phishing campaigns. Fraudsters are leveraging generative AI to produce large amounts of fake content, create fake social media profiles, send messages, and translate languages with greater accuracy and fewer grammatical errors. Entire fraudulent websites can now be built in record time, and chatbots are being used to trick victims into clicking malicious links. AI-generated images are, unsurprisingly, at the forefront of current trends, and cybercriminals are taking full advantage of them. Fraudsters are using AI-generated visuals to enhance fake social media profiles and counterfeit ID documents that support fraudulent activities. According to the FBI, AI algorithms can produce "realistic" images that are being exploited in social engineering campaigns, spear phishing attempts, scams, and even "romance schemes." AI-generated audio and video content poses similar risks. Criminals can now impersonate public figures or even people personally known to their targets, requesting financial assistance or access to sensitive information like bank accounts. The FBI advises users to establish a "secret word" or phrase with trusted family and friends as a quick way to verify identities. Additional tips to guard against generative AI-enabled crimes include carefully inspecting images and videos for irregularities or inconsistencies, as well as minimizing the online availability of personal images or voice recordings. When dealing with financial requests, the FBI stresses the importance of verifying their legitimacy through direct phone calls rather than relying on text or email. Sensitive information should never be shared with individuals met exclusively online. While it may seem obvious, the FBI also reiterates that sending money, gift cards, or cryptocurrency to strangers online is highly risky and often leads to fraud.
By A Staff Reporter,Kathmandu, Dec. 25: Minister for Home Affairs Ramesh Lekhak has said that the government will initiate efforts for constitution amendment by forming a mechanism within a few days. Speaking at a programme in Kathmandu on Tuesday, Minister Lekhak said that the strengths and weaknesses of the constitution observed during a decade of practice will be reviewed to make necessary amendments. "We are immediately forming a joint task force of the Nepali Congress and CPN-UML in the government to begin discussions on constitution amendments," he said. Home Minister Lekhak clarified that the amendments will not weaken inclusiveness, but will rather strengthen it further. "We will review the strengths and weaknesses observed during the 10 years of the constitution’s implementation," he said. "We will make contemporary modifications to the constitution." Lekhak, who is also a leader of the Nepali Congress, emphasised that constitution amendments cannot be determined by the decision of just one party. "Even if the two parties agree, it’s not enough. We will start discussions, review the constitution, and identify key issues," he said. "We will move forward step by step," he claimed. He also clarified that the amendment process will involve dialogue and consultation with all political parties, reaching a consensus on identified issues before amending the constitution. "Constitution amendment will not happen overnight, and the purpose of amending the constitution is not to weaken inclusiveness but to make it stronger," he said. Home Minister Lekhak reiterated the government's commitment to building a federal democratic republican system of governance with an inclusive character. He also assured that the rights of Dalits would be safeguarded in accordance with the spirit of the constitution.CAMPBELL, Calif.--(BUSINESS WIRE)--Dec 16, 2024-- ChargePoint (NYSE: CHPT), a leading provider of networked charging solutions for electric vehicles (EVs), and the Colorado Energy Office today announced the completion of six EV fast charging corridors across the state. In total, 33 DC fast charging sites offering more than 80 charging ports are now available to EV drivers along highways across Colorado. The initiative was made possible by $10 million in state funding and more than $2 million in contributions from private and local government partners. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241216928854/en/ ChargePoint and the Colorado Energy Office announced the completion of six EV fast charging corridors, doubling the coverage of corridor DC fast charging across the state. (Photo: Business Wire) “This project is a testament to the leadership we're seeing across the country at a state level to accelerate the build out of a robust charging network for all EV drivers,” said Rick Wilmer, CEO at ChargePoint. “Public-private partnerships such as our relationship with the Colorado Energy Office continue to play a critical role in building out charging infrastructure. Together, we are ensuring drivers across the state are able to charge quickly at convenient locations.” According to the Colorado Energy Office, the project has doubled the coverage of corridor DC fast charging in Colorado. Before the start of this project in 2019, 40% of highway corridors were within 30 miles of a fast charger. Upon completion, up to nearly 80% are within 30 miles of a fast charger. Investments through programs such as the National Electric Vehicle Infrastructure (NEVI) program will continue being made, complementing the state’s efforts to deploy more charging infrastructure. Additionally, the Colorado Energy Office recently reported that Colorado is first in the nation for market share of new electric and plug-in hybrid vehicles, so the infrastructure is anticipated to be utilized heavily from day one. “Colorado is leading the nation in EV sales and making EV travel more affordable and convenient for everyone. Colorado's growing network of charging stations allows EV owners to travel with confidence knowing that there will be a place to get a quick charge at the store, going to and from work, or traveling across the state,” said Colorado Governor Jared Polis. “Our partnership with ChargePoint to install 33 fast chargers across the state was essential to help establish a foundation for Colorado’s public EV fast-charging network,” said Colorado Energy Office Executive Director Will Toor. “With convenient access to charging along our major transportation routes Coloradans can now drive across the state in an electric vehicle, from the north to the south and the east to the west. We’re grateful for ChargePoint’s efforts to make this happen.” These charging sites enable fast, reliable charging strategically located along the state’s major highways, including Highway 40, I-70, Highway 50, Highway 550 and other key travel corridors. Locations range from convenience stores to local visitor centers to meet the needs and entertainment of drivers who are charging. Drivers can find the location of charging sites on the ChargePoint mobile app or website. A list of all new sites powered by ChargePoint Express Plus in Colorado can be found online at the Energy Office’s website: https://energyoffice.colorado.gov/transportation/grants-incentives/ev-fast-charging-corridors . ChargePoint and the ChargePoint logo are trademarks of ChargePoint, Inc. in the United States and in jurisdictions throughout the world. All other trademarks, trade names, or service marks used or mentioned herein belong to their respective owners. About ChargePoint Holdings, Inc. ChargePoint is creating a new fueling network to move people and goods on electricity. Since 2007, ChargePoint has been committed to making it easy for businesses and drivers to go electric with one of the largest EV charging networks and a comprehensive portfolio of charging solutions. The ChargePoint cloud subscription platform and software-defined charging hardware are designed to include options for every charging scenario from home and multifamily to workplace, parking, hospitality, retail and transport fleets of all types. Today, one ChargePoint account provides access to hundreds-of-thousands of places to charge in North America and Europe. For more information, visit the ChargePoint pressroom , the ChargePoint Investor Relations site , or contact the ChargePoint North American or European press offices or Investor Relations . CHPT-IR View source version on businesswire.com : https://www.businesswire.com/news/home/20241216928854/en/ CONTACT: ChargePoint John Paolo Canton Vice President, Communications JP.Canton@chargepoint.comAJ Gosselin Director, Corporate Communications AJ.Gosselin@chargepoint.com media@chargepoint.com KEYWORD: CALIFORNIA COLORADO UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: EV/ELECTRIC VEHICLES AUTOMOTIVE URBAN PLANNING CONSTRUCTION & PROPERTY STATE/LOCAL UTILITIES GREEN TECHNOLOGY ALTERNATIVE VEHICLES/FUELS PUBLIC POLICY/GOVERNMENT ENVIRONMENT ENERGY SOURCE: ChargePoint Holdings, Inc. Copyright Business Wire 2024. PUB: 12/16/2024 04:05 PM/DISC: 12/16/2024 04:04 PM http://www.businesswire.com/news/home/20241216928854/en
Terming bypoll victories in Punjab a “semi-final” to the upcoming Delhi Assembly election, Aam Aadmi Party (AAP) national convener Arvind Kejriwal on Saturday said his party is on course to another comprehensive victory in the Capital. The ruling AAP in Punjab won three of the four seats in the byelections, months after a dismal show in the Lok Sabha poll in the State. The party had, in the 2022 Punjab Assembly election, wrested power from the Congress, winning 92 of the 117 Assembly seats. Flanked by Punjab Chief Minister Bhagwant Mann, Mr. Kejriwal said AAP workers in Delhi should ensure that the party repeats the performance of the previous two Assembly polls. AAP had won 67 and 62 of the 70 seats in the 2015 and 2020 Assembly polls respectively. “When we came to power in Delhi for the first time (in 2013), we gave people a glimpse of our model of governance in our 49-day rule. Seeing this, Delhi voted for us decisively in the 2015 election,” he said. Mr. Kejriwal said their model of governance — which ensure free bus rides for women, quality schools and health facilities, and uninterrupted power and water supply — is now being replicated by BJP-ruled States. “This is good as long as the country gets benefit,” he said. Meanwhile, Delhi BJP chief Virendra Sachdeva claimed people have made up their mind to install a “double engine” government in the Capital by voting for his party in the Assembly poll. He said the BJP-led National Democratic Alliance’s (NDA) victory in the Maharashtra Assembly poll will help the party cement its position among Delhi voters. Delhi BJP spokesperson Praveen Shankar Kapoor asked if the AAP victories in Punjab are a reflection of the party’s performance in Delhi then why they were rejected in Haryana in the recently held Assembly polls. AAP had failed to open its account in Haryana despite contesting 89 of 90 Assembly seats there. Published - November 24, 2024 12:33 am IST Copy link Email Facebook Twitter Telegram LinkedIn WhatsApp Reddit Delhi / politicsTrump reiterates he wants to buy Greenland for US security
A Memorable Milestone: Okowa’s Daughter Hosts Councillors At Delta AssemblyWhen it comes to the greatest of all-time label, at least three drivers have a say in NASCAR . But could Richard Petty compete in today’s time? Racing is completely different now than it was in Petty’s day. To his credit, Richard Petty was winning races from 1960 to 1984. Considering he didn’t start racing until he was 21 years old, it is a wonder if he could have won more races if he was competing as a teenager. Jordan Bianchi of The Athletic recently addressed the “what-if?” situation of Petty. On The Teardown podcast , Bianchi and his cohost Jeff Gluck what driver they would stick in another era. Dale Sr. in the 2010s when Jimmie Johnson was at his height? Jeff Gordon in the 70s and 80s? Bianchi chose Richard Petty in the Next Gen era. “I want to see Richard Petty in the modern era. Richard Petty won a lot of races at a time when not a lot of people had top-flight equipment, and he won a lot of championships at a time when there was very few people running the full series,” Bianchi explained. “I would like to see Richard Petty in the modern era, like this era, run, and see how he stacks up versus a Kyle Larson anything like that. I will make sure [to say that], I think Richard is very talented and incredible, he is not number one on my list of all-time great NASCAR drivers but I know his numbers are incredible. Bianchi doesn’t want to discredit Petty. Given that this is hypothetical, he only wishes he could see him compete in the modern era. Perhaps with today’s technology and data, Petty would stack up against the greats of today. “I want to see his ability with my own eyes. I never got to witness that, I watched him race as a kid, you know, he wasn’t winning races then. He wasn’t doing much of anything then. I want to see that and really be able to assess for myself the greatness of Richard Petty.” Sports fans always have these conversations. What would LeBron James be able to do in Michael Jordan’s NBA? How would Shohei Ohtani perform in the early 2000s MLB? Richard Petty, Dale Earnhardt, and Jimmie Johnson are all seven-time champions. Petty’s 200 career wins will never be matched in the history of the sport. Earnhardt’s cultural impact and style cannot be recreated. We will likely never see a five-peat like Johnson’s ever again in major American sports, let alone NASCAR. If only we could line them all up in their primes and send them out on the track. Unfortunately, that isn’t possible. This article first appeared on 5 GOATs and was syndicated with permission.NEW YORK , Dec. 10, 2024 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Celsius Holdings, Inc. (NASDAQ: CELH) between February 29, 2024 and September 4, 2024 , both dates inclusive (the "Class Period"), of the important January 21, 2025 lead plaintiff deadline. So what: If you purchased Celsius common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. What to do next: To join the Celsius class action, go to https://rosenlegal.com/submit-form/?case_id=31677 or call Phillip Kim, Esq. at 866-767-3653 or email case@rosenlegal.com for more information. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 21 , 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm 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. Details of the case: According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Celsius materially oversold inventory to PepsiCo, Inc. ("Pepsi") far in excess of demand, and faced a looming sales cliff during which Pepsi would significantly reduce its purchases of Celsius products; (2) as Pepsi drew down significant amounts of inventory overstock, Celsius' sales would materially decline in future periods, hurting Celsius' financial performance and outlook; (3) Celsius' sales rate to Pepsi was unsustainable and created a misleading impression of Celsius' financial performance and outlook; (4) as a result, Celsius' business metrics and financial prospects were not as strong as indicated in defendants' Class Period statements; and (5) consequently, defendants' statements regarding Celsius' outlook and expected financial performance were false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the Celsius class action, go to https://rosenlegal.com/submit-form/?case_id=31677 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm , on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/ . Attorney Advertising. Prior results do not guarantee a similar outcome. Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 case@rosenlegal.com www.rosenlegal.com View original content to download multimedia: https://www.prnewswire.com/news-releases/celh-investors-have-opportunity-to-lead-celsius-holdings-inc-securities-fraud-lawsuit-302327947.html SOURCE THE ROSEN LAW FIRM, P. A.