ClaimsFiler Highlights Reckitt Benckiser Class Action Lawsuit Deadline for Investors with Significant Losses

Shareholder Alert: Important Deadline for Reckitt Benckiser Investors

In a significant development for investors, ClaimsFiler, a free shareholder information service, has issued an alert regarding the upcoming deadline for filing lead plaintiff applications in a securities class action lawsuit against Reckitt Benckiser Group PLC (OTC RBGLY). Investors who sustained losses exceeding $100,000 and purchased Reckitt's American Depositary Shares (ADSs) between January 13, 2021, and July 28, 2024, are urged to take action before the deadline of August 4, 2025.

Lawsuit Overview

The class action lawsuit is currently pending in the United States District Court for the Southern District of New York, where Reckitt, along with certain executives, is facing allegations related to the disclosure of material information during the class period. The plaintiffs claim that Reckitt's executives failed to inform shareholders about critical risks associated with their cow's milk-based infant formula, Enfamil.

Key Allegations

Among the key allegations, it is stated that:
1. Preterm infants using the Enfamil formula were at an elevated risk for developing necrotizing enterocolitis (NEC).
2. Reckitt's lack of transparency concerning this risk could pose substantial threats to the company's sales and lead to potential legal claims against them.
3. As a result of these omissions and misleading statements, the company's previous assertions regarding its business performance and future prospects were considered not only false and misleading but also devoid of substantiation.

The case is formally titled Elevator Constructors Union Local No. 1 Annuity 401(K) Fund v. Reckitt Benckiser Group PLC, et al., No. 25-cv-4708.

The Role of ClaimsFiler

ClaimsFiler aims to assist retail investors in recouping their share of settlements from securities class action lawsuits. Their platform provides a range of services, including access to detailed information regarding various securities class actions, the opportunity for investors to upload transactional data to get notified about relevant cases, and direct inquiries to qualified lawyers at Kahn Swick & Foti, LLC. This firm is ready to discuss potential legal options with those affected.

To initiate the claims process or seek more information, investors should visit ClaimsFiler's website or reach out via their toll-free hotline at (844) 367-9658.

Conclusion

As the deadline approaches, it's crucial for investors who have faced significant losses in Reckitt Benckiser to act swiftly. The repercussions of failing to file by August 4, 2025, could mean losing out on the chance to participate in the recovery from this class action lawsuit. Staying informed and proactive is key in safeguarding one’s investments and pursuing justice in the ever-evolving landscape of securities litigation.