Investors Alert: Class Action Lawsuit Against Reckitt Benckiser Group PLC
In recent news, Kahn Swick & Foti, LLC (KSF), alongside its partner, former Louisiana Attorney General Charles C. Foti, Jr., has issued an alert to investors regarding a significant class action lawsuit against Reckitt Benckiser Group PLC (OTC: RBGLY). The lawsuit primarily affects investors who have experienced financial losses of over $100,000 due to alleged misconduct by the major consumer health product company. The deadline for filing lead plaintiff applications in this securities class action is drawing near, with all filings needed by August 4, 2025.
Details of the Class Action Lawsuit
The class action lawsuit targets Reckitt and several of its executives for allegedly failing to disclose critical information that could have impacted shareholders’ decisions during the Class Period, which spans from January 13, 2021, to July 28, 2024. The U.S. District Court for the Southern District of New York is overseeing the case, identified as
Elevator Constructors Union Local No. 1 Annuity 401(K) Fund v. Reckitt Benckiser Group PLC, et al., No. 25-cv-4708.
According to the allegations, Reckitt failed to inform investors that preterm infants consuming Enfamil, the company’s cow's milk-based formula, were at a heightened risk for developing a severe intestinal condition known as necrotizing enterocolitis (NEC). This lack of information not only misled investors but also posed potential risks for future sales of the product and increased the likelihood of legal claims against the company.
Further complicating matters, it has been asserted that Reckitt's optimistic public statements pertaining to its business outlook lacked a reasonable basis during the relevant timeframe. These misleading assertions have raised serious concerns among shareholders and have prompted action by KSF.
What Affected Investors Can Do
For those who purchased Reckitt's American Depositary Shares (ADSs) and suspect they may be impacted by the lawsuit, KSF offers a path to understanding one’s legal rights. Interested parties can contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email at
email protected] Additionally, KSF has a dedicated webpage for this case, accessible at [KSF Counsel, which provides more information on the case and how affected investors can engage for potential recovery of losses.
It is critical for shareholders to be proactive about their investments and legal options, especially as the deadline approaches. Should any investor wish to take on the role of lead plaintiff in this action, they must file their petition with the court by the stipulated deadline.
About Kahn Swick & Foti, LLC
Founded by former Louisiana Attorney General Charles C. Foti, Jr., Kahn Swick & Foti, LLC is recognized as one of the nation’s leading boutique law firms specializing in securities litigation. The firm provides legal representation to a diverse range of clients, including institutional and retail investors, particularly when seeking redress for economic losses incurred from corporate malpractice. KSF has consistently ranked among the top 10 securities class action law firms by total settlement value, showcasing their commitment to protecting investor rights.
With multiple offices across states such as New York, Delaware, California, and more, KSF is well-equipped to handle cases involving complex securities law. Investors seeking more information about KSF’s services can visit their official website at www.ksfcounsel.com.
As the situation unfolds, the implications for Reckitt Benckiser and its shareholders will become clearer, making it imperative for affected investors to stay informed and engaged.