Investors Urged to Act Against Rentokil in Class Action Lawsuit Led by Kahn Swick & Foti

Rentokil Faces Class Action Lawsuit

In a significant development for Rentokil Initial plc (NYSE: RTO), former Louisiana Attorney General Charles C. Foti, Jr. and his law firm, Kahn Swick & Foti, LLC (KSF), are taking action on behalf of investors. They are reminding anyone who has incurred losses of over $100,000 to consider joining a class action lawsuit against the company. The deadline for applications to become a lead plaintiff is set for January 27, 2025.

Overview of the Class Action Lawsuit

This legal challenge revolves around Rentokil and certain executives allegedly failing to disclose vital information that could have influenced investors' decisions during the class period, which runs from December 1, 2023, to September 10, 2024. The lawsuit is currently being heard in the United States District Court for the Western District of Tennessee.

On September 11, 2024, Rentokil issued an unexpected trading update, revealing a dismal forecast for organic revenue growth in North America, expecting just 1% for the second half of 2024. This stark downgrade contrasted sharply with prior forecasts, claiming to have observed positive sales momentum at the end of the second quarter. However, performance in July and August fell short, primarily due to integration-related disruptions.

Following this disappointing announcement, Rentokil’s American Depositary Shares plummeted over 21%, dropping from $31.60 at the close on September 10 to $24.95 the next day. This significant decline triggered the class action lawsuit.

What Investors Can Do

Investors who purchased ADSs of Rentokil during the class period are urged to evaluate their legal rights and the implications of the case on their investment recovery. Those interested in participating in the class action can reach out to KSF Managing Partner Lewis Kahn through various convenient channels. The firm is offering a consultation without any obligations.

To do so, investors may call the firm toll-free at 1-877-515-1850 or email at info@ksfcounsel.com. More detailed information regarding the lawsuit can be accessed via their official website at ksfcounsel.com.

About Kahn Swick & Foti, LLC

Kahn Swick & Foti, LLC stands as one of the country's leading boutique law firms specializing in securities litigation. With an experienced team, including former Attorney General Charles C. Foti, Jr., KSF serves a diverse clientele ranging from institutional investors to individual investors, assisting in pursuit of recoveries from corporate malfeasance and fraud.

The firm operates across multiple states, maintaining offices in locations such as New York, Louisiana, Delaware, California, Chicago, and New Jersey. Investors are encouraged to understand their options and act promptly to safeguard their interests against losses incurred from this situation.

In conclusion, the window is closing for affected investors to act on this class action against Rentokil Initial plc. Through this litigation, KSF aims to uphold corporate accountability while offering potential recovery avenues for misled investors.