The Gross Law Firm Initiates Class Action Lawsuit for Reckitt Benckiser Group plc Shareholders
On July 21, 2025, the Gross Law Firm announced a major development for shareholders of Reckitt Benckiser Group plc (OTC PINK: RBGLY). This announcement pertains to a class action lawsuit filed on behalf of investors who purchased shares of Reckitt Benckiser within the specific class period, which begins on January 13, 2021, and ends on July 28, 2024.
Allegations Against Reckitt Benckiser
The lawsuit alleges that Reckitt Benckiser made materially false and/or misleading statements during the class period. Specifically, it is claimed that the company failed to disclose crucial information regarding the risks associated with its cow's milk-based formula, Enfamil. The allegations include:
1.
Increased Risk for Preterm Infants: The complaint asserts that preterm infants faced a higher risk of developing necrotizing enterocolitis (NEC) due to the consumption of Reckitt’s Enfamil formula. This critical oversight raises serious concerns about the safety of the product and the conditional integrity of the company.
2.
Impact on Sales and Legal Claims: The failure to disclose these risks reportedly impacted Reckitt's sales figures for Enfamil and heightened the company’s liability exposure to legal claims. This suggests that Reckitt was aware of the potential dangers but did not act in the best interest of its shareholders and customers.
3.
Misleading Positive Statements: Furthermore, the suit argues that Reckitt’s positive statements regarding its business operations were materially false and lacked a reasonable basis, misleading investors regarding the company’s true financial health and operational integrity.
Important Dates and Registration Steps
For shareholders interested in pursuing this class action, the Gross Law Firm encourages taking immediate action to register. The deadline for registering as a lead plaintiff is August 4, 2025. Importantly, registering is free and does not incur any obligation or costs for shareholders.
Those who register will also receive updates through portfolio monitoring software that keeps them informed about the case’s progress. Individuals who purchased RBGLY shares during the stated class period are especially urged to act quickly to safeguard their rights as investors.
Why Choose the Gross Law Firm?
The Gross Law Firm has built a reputation as a nationally recognized class action law firm. Their mission is focused on protecting the rights of investors who have suffered due to deceptive practices, fraud, and corporate misconduct. The firm’s commitment to advocating for sound business practices and corporate responsibility reflects its dedication to investor protection.
Contact Information
Shareholders looking for more information or who wish to register for this class action may contact the Gross Law Firm through their official channels:
Conclusion
With a rapidly approaching deadline for lead plaintiff registration, shareholders of Reckitt Benckiser should act swiftly to ensure they are included in this important class action lawsuit. The Gross Law Firm stands ready to assist those affected navigate through this complex legal matter, aiming for a favorable resolution that addresses their grievances.
Don’t miss this opportunity to stand up for your rights as an investor and hold Reckitt Benckiser accountable for their alleged misdeeds.