Investors Urged to Join Class Action Against Reckitt Benckiser by Former Louisiana Attorney General

Legal Alert for Reckitt Benckiser Investors



In recent developments, Kahn Swick & Foti, LLC (KSF), spearheaded by former Louisiana Attorney General Charles C. Foti, Jr., has issued a critical reminder for investors in Reckitt Benckiser Group PLC (OTC: RBGLY). If you acquired the company’s American Depositary Shares (ADS) between January 13, 2021, and July 28, 2024, and have incurred losses exceeding $100,000, you have a crucial deadline approaching. The deadline to apply as a lead plaintiff in the class action lawsuit is set for August 4, 2025, in the United States District Court for the Southern District of New York.

Background of the Lawsuit


The lawsuit stems from allegations against Reckitt and specific executives for failing to disclose key information that could affect the company's stock price, which violates federal securities laws. This includes claims related to the company's formula, Enfamil, which is associated with a heightened risk of necrotizing enterocolitis (NEC) in preterm infants. Concerns have emerged that this risk could hinder sales and potentially expose Reckitt to numerous legal claims. Consequently, statements made by Reckitt regarding its business and futures have been deemed materially inaccurate or misleading.

What Investors Should Do


Should you find yourself in this situation, KSF encourages you to explore your legal entitlements and how this lawsuit may impact your rights to seek recovery for your financial losses. You can reach KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or through email at email protected]. Alternatively, you can visit [KSF's dedicated webpage for more information.

More About Kahn Swick & Foti, LLC


KSF is recognized as a leading boutique law firm specializing in securities litigation, with multiple offices spanning significant U.S. locations, including New York, Louisiana, and California, alongside a representative office in Luxembourg. Over the previous year, KSF has established itself among the top ten firms nationally in terms of settlements achieved, underscoring its commitment to securing reparations for affected investors

Conclusion


The impending lead plaintiff application deadline presents an essential opportunity for Reckitt Benckiser investors facing substantial losses to take action. With the potential ramifications outlined in this lawsuit, affected shareholders are urged not to hesitate in pursuing their rights. For more information on how to proceed, reach out to KSF for assistance. It is crucial to remain vigilant and proactive in the face of corporate malfeasance, ensuring that investors hold companies accountable for their obligations to transparency and shareholder rights.

Stay informed, and do not miss your chance to participate in this significant legal initiative.

Topics Financial Services & Investing)

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