#United States #New York #Class Action #Reckitt Benckiser #Enfamil

Reckitt Benckiser Group Faces Legal Action

In recent news, Reckitt Benckiser Group plc (OTC PINK: RBGLY) is facing a class action lawsuit initiated by The Gross Law Firm concerning alleged violations of securities laws. This situation has drawn significant attention, especially from shareholders who purchased the company's stocks during the specified period of January 13, 2021, to July 28, 2024.

The complaint claims that the company issued misleading statements and failed to disclose critical information regarding the safety of its Enfamil cow's milk-based formula, ultimately impacting preterm infants. The lawsuit states that these undisclosed issues may have exposed Reckitt to potential legal claims and adversely affected sales figures for their Enfamil products.

Allegations Against Reckitt Benckiser

1. Increased Risk to Infants: The primary allegation focuses on Reckitt's Enfamil formula, which supposedly heightened the risk of necrotizing enterocolitis (NEC) among preterm infants. This serious gastrointestinal condition can lead to severe complications or even death in vulnerable infants.
2. Sales Impact: The lawsuit claims that as the truth about the risks associated with the formula emerged, Reckitt’s previous positive statements regarding the company's business and sales became materially false or misleading.
3. Failure to Disclose: The executives allegedly neglected to inform shareholders of potential legal implications and the actual sales outlook concerning the Enfamil product, which deviates from responsible corporate conduct.

Your Rights as a Shareholder

If you were a shareholder during the class period, The Gross Law Firm encourages you to connect with them for further assistance, especially if you wish to seek lead plaintiff status. However, it is important to note that individuals can still participate in the case without taking on the lead plaintiff role. The deadline for registering as a participant in the class action is August 4, 2025.

By registering, shareholders can access a portfolio monitoring system that provides continuous updates throughout the lawsuit’s duration, ensuring all interested parties remain informed.

Why Choose The Gross Law Firm?

The Gross Law Firm, a nationally recognized entity specializing in class action cases, is committed to protecting investors' rights against any form of deceit or unlawful business practices. They aim to ensure that companies like Reckitt adhere to significant standards of corporate governance. The firm represents clients who have suffered losses due to false or misleading information disseminated by companies affecting stock value.

Next Steps

If you are interested in learning more about your rights as a shareholder of Reckitt Benckiser Group or exploring participation options in the class action lawsuit, you can fill out a submission form on The Gross Law Firm’s website. This class action underscores the importance of transparency and accountability in corporate communications, particularly when it affects safety and health.

For additional information or inquiries, you can reach out to The Gross Law Firm at their office located at 15 West 38th Street, 12th floor, New York, NY, or contact them via phone at (646) 453-8903 or via email at [email protected].

As this case unfolds, it highlights a crucial moment for shareholders and raises significant questions regarding the ethics of corporate practices surrounding product safety and information disclosure.