Investors With Losses Over $100,000 Urged to Join Rentokil Class Action Before Deadline

Kahn Swick & Foti, LLC Reminds Rentokil Investors of Class Action Deadline

Kahn Swick & Foti, LLC, a reputable law firm led by former Louisiana Attorney General Charles C. Foti, Jr., has issued an important notice for investors of Rentokil Initial plc. If you purchased American Depositary Shares (ADSs) during the period from December 1, 2023, to September 10, 2024, you may have the right to participate in a class action lawsuit against the company. This action focuses on alleged failures in disclosing significant information that could impact investors' decisions.

Understanding the Lawsuit

The lawsuit claims that Rentokil Initial and certain executives failed to disclose crucial information regarding the company’s financial health during the specified class period. On September 11, 2024, Rentokil presented an unexpected trading update, revealing a disappointing expectation of only 1% organic revenue growth in North America for the second half of 2024, significantly lower than prior forecasts. This revelation led to a substantial drop in the stock price, plummeting over 21% within a single trading day.

The drop in stock value—from a closure of $31.60 on September 10, 2024, to $24.95 the following day—raised concerns and prompted investors to take legal action. The lawsuit identified the period during which these disclosures were withheld as harmful to investors, ultimately leading to financial losses for many.

Important Action Steps for Affected Investors

If you are among those who saw their investments in Rentokil’s ADSs decrease significantly, you are encouraged to act swiftly. Potential lead plaintiffs must file their applications by January 27, 2025. The law firm is prepared to assist investors without any upfront costs, providing a chance for recovery of losses stemming from the alleged misconduct.

To further explore your options and legal rights, you may contact Lewis Kahn, Managing Partner at KSF, at 1-877-515-1850 or via email at the firm's official contact address. Additionally, you can visit their website for more detailed information about this case and how to participate in the lawsuit.

About Kahn Swick & Foti, LLC

With numerous offices across major US cities including New York, California, Louisiana, and Chicago, Kahn Swick & Foti is recognized as a leading boutique law firm specializing in securities litigation. Their extensive experience assisting retail and institutional investors places them at the forefront of recovering losses incurred from corporate malfeasance.

If you’re an investor affected by the recent developments surrounding Rentokil Initial plc, it’s critical to stay informed and take action before the upcoming deadline. Your participation might not only aid in potential compensation but also contribute to addressing corporate accountability.