Reckitt Benckiser Shareholder Reminder for Class Action Lawsuit Participation

Reckitt Benckiser Shareholder Alert

Reckitt Benckiser Group PLC (RBGLY) is currently facing a class action lawsuit that could concern many investors who purchased shares during a specific timeframe. ClaimsFiler has issued a reminder for these investors, especially those with losses exceeding $100,000, regarding their rights and options concerning this case.

Key Details of the Lawsuit

The lawsuit, Elevator Constructors Union Local No. 1 Annuity 401(K) Fund v. Reckitt Benckiser Group PLC, is pending in the United States District Court for the Southern District of New York. The deadline for filing lead plaintiff applications is set for August 4, 2025, which is crucial for any investor considering their legal position.

The Class Period and Allegations

The involved timeframe in which investors must have purchased the company's American Depositary Shares (ADSs) is between January 13, 2021, and July 28, 2024. During this period, Reckitt and certain executives are accused of withholding crucial information and making misleading statements regarding the safety of their Enfamil formula.

Experts claim that preterm infants demonstrated an increased risk of developing necrotizing enterocolitis (NEC) when consuming this cow's milk-based formula. This risk allegedly could have adversely impacted Not just the brand’s sales but also exposed Reckitt to various legal repercussions.

The Implications for Investors

Investors are advised to consider the implications of these allegations seriously. The claims raise significant concerns regarding Reckitt's financial disclosures and overall business practices during the stated period. Such issues could significantly influence the company’s market position and share value in the future.

Seeking Legal Guidance

Affected shareholders are encouraged to visit ClaimsFiler's website or call toll-free at (844) 367-9658 to explore their legal options. Representation is available through Kahn Swick & Foti, LLC, who are prepared to discuss potential claims and help navigate the class action process effectively.

Serving the Investor Community

ClaimsFiler is dedicated to empowering shareholders with the information necessary for navigating securities class action lawsuits. Their mission is to assist retail investors in claiming their rightful share of billions in settlements, and they provide free access to resources that facilitate this process.

As the class action continues to develop, stakeholders must stay informed and act promptly to protect their interests. Missing the deadline could result in the forfeiture of the opportunity for compensation, making timely action critical for affected investors.

For ongoing updates and assistance, investors should monitor the progress of the case and remain engaged with available resources. By staying proactive, investors can better safeguard their financial investments against risks and uncertainties surrounding Reckitt Benckiser Group PLC.