Have you ever bought a Celsius beverage? If you have, you may earn $250. In case you are wondering how a bottle of energy drink can owe you money, let’s open the whole story up. A class action lawsuit of $7.8 million against the company has occurred. Since the Celsius lawsuit was filed a month ago, a lot has happened. Here’s everything you should know.
Celsius Energy Drinks
The drink, named after a temperature measurement unit, has recently gained rapid popularity. As the website states, Celsius energy drinks contain natural flavors and colors, no carbohydrates, and are vegan. A 12-ounce Celsius drink has 200 milligrams of caffeine, vitamins, and the amino acid taurine. The company projects the drink as clinically tested to burn body fat and boost the metabolism rate. It has flavors like Raspberry Acai Green Tea, Arctic Vibe Frozen Berry, and Tropical Vibe Starfruit Pineapple.
However, there might be transparency issues in what the company claims and what you actually get. The latest developments regarding Celsius drinks are even juicier than the product.
Celsius Lawsuit
Celsius class action lawsuit, filed in November 2022, includes charges that the company made false claims when they said the drink is preservative-free. The company allegedly misled customers, as it contains citric acid, a preservative. The complaint suggests that, though citric acid is used for flavors in the drink, it always acts as a preservative. There were allegations, consequently, that the drink’s packaging was misleading and deceptive.
Who Could be Benefitted from the Celsius Drink Lawsuit?
Anyone who purchases the beverage between January 1, 2015, and November 23, 2022, is eligible for compensation. Due to the Celsius energy drink lawsuit, you could earn money if you would buy any of the different Celsius beverages. Those beverages include Celsius Heat, original beverages like Celsius Live Fit, Celsius BCAA= Energy, powdered drinks like Celsius On-The-Go, and Celsius with Stevia.
Apart from the drinks and the duration, you should be a resident of the US to owe the money. Moreover, you must have bought it for personal use and not for distribution or resale.
How to Claim the Money?
You must be thinking if you should be happy with the Celsius lawsuit owing you money or concerned because of the preservatives. Meanwhile, the last date for submitting a compensation claim has gone. The chances were open until February 13, 2023. If you are smart and lucky enough to file an online or offline claim before the due date, you will get it.
How much is the Amount and when to get it?
The Celsius class action settlement can earn you $1 per can and $5 per box (in case you bought a powdered drink). If you have a receipt, your maximum profit is $250. If you don’t, it’s not going to go beyond $20 per household.
As the final hearing on the Celsius lawsuit is yet to occur, you won’t get the money before it ends. The payment process will begin following the final settlement of the case.
Celsius Shares
Despite the lawsuit against Celsius energy drinks for alleged false claims, the shares of Celsius Holdings (NASDAQ: CELH) remained upwards in March. The company posted the healthiest sales growth with a 141% year-over-year pop for the 12 weeks.
This was not the First Trouble!
In any case, the Celsius drink lawsuit regarding false claims was not the first trouble that the company faced. In January, it had to pay rapper Flo Rida a whopping $82.6 million. Flo Rida, aka Tramar Dillard, filed a lawsuit claiming that Celsius had breached the terms of the endorsement deal with him, which continued from 2014-2018. A South Florida jury cited that the rapper didn’t get proper compensation for helping Celsius introduce itself worldwide.
Flo said he took the product of Celsius worldwide when it had no recognition. Announcing his own beverages brand JettSet1, he said he wanted to bring something healthier than Celsius.
Meanwhile Celsius
Celsius was seen promoting its drinks and, at the same time, paying customers compensation for the Celsius class action lawsuit. Was it an effort to recover the money or to clear the stock? The anticipations continue.
NCAA Banned Celsius?
Celsius drinks contain taurine, ginseng, L-carnitine, and guarana stimulants. NCAA, World Anti-Doping Agency, and the National Olympic Committee have banned all these ingredients.
Is the Drink Safe?
Despite containing questionable ingredients, Celsius may not be so harmful. However, it’s never recommended to intake energy drinks regularly. Celsius might actually be less harmful than other commercial energy drinks.
Final Words
Many things have been cooked up since the Celsius lawsuit. If you are keen on getting the latest updates on it, stay tuned.
