Investors of Reckitt Benckiser Group plc Can Participate in Class Action Lawsuit

Class Action Lawsuit for Reckitt Benckiser Group plc Investors

Reckitt Benckiser Group plc, known by the ticker symbol RBGLY on OTCQX, is currently facing legal challenges that have caught the attention of investors. Levi & Korsinsky, LLP has announced a class action lawsuit aiming to represent those who have suffered losses due to alleged securities fraud associated with the company.

Class Definition

The lawsuit targets shareholders who experienced financial setbacks as a consequence of Reckitt Benckiser's actions between January 13, 2021, and July 28, 2024. The crux of the case revolves around allegations that the company made misleading statements regarding its infant formula product, Enfamil. Specifically, it is claimed that the company failed to disclose risks associated with the product, which may have increased the chances of developing necrotizing enterocolitis (NEC) in premature infants. This lack of transparency is said to have adversely impacted Reckitt’s sales and the company’s exposure to legal claims.

Allegations Impacting Shareholders

According to filed complaints, Reckitt Benckiser purportedly misrepresented the safety of its cow's milk-based formula for infants. The allegations include misleading information about the health risks for preterm infants, which directly correlates to the company's financial performance. As a result, the company’s optimistic statements regarding its operations and prospects have been called into question, with implications that they were materially false and misleading.

Taking Action

For those who have incurred losses during the specified time period, it’s essential to act promptly. Shareholders have until August 4, 2025, to request the court to appoint them as lead plaintiffs in this class action. However, it is important to note that being a lead plaintiff is not a prerequisite for benefiting from any potential recovery resulting from the lawsuit.

Cost-Free Participation

Investors considering joining this class action should note that participation does not involve upfront costs. In fact, class members may become eligible for compensation without the burden of out-of-pocket fees, as the costs associated with the lawsuit will be covered by the legal representatives. This presents a financial-safe opportunity for investors looking to reclaim some of their losses.

Why Choose Levi & Korsinsky?

Levi & Korsinsky boasts two decades of experience in securities litigation. The firm has a proven track record of securing substantial settlements for shareholders and is well-regarded in the field. With a dedicated team of over 70 professionals, the firm aims to provide clients with expert representation in complex cases. Notably, for seven consecutive years, Levi & Korsinsky has been recognized as one of the top securities litigation firms in the United States, as per the ISS Securities Class Action Services Top 50 Report.

Contact Information

Investors seeking more details or wishing to join the class action can reach out to Levi & Korsinsky’s Joseph E. Levi, Esq. through email at [email protected] or by calling (212) 363-7500. For those looking to submit their information online, a dedicated form is available, allowing potential members to engage with the law firm promptly.

This class action presents a potential pathway for affected shareholders to seek justice and possibly recover some financial losses attributed to Reckitt Benckiser Group plc's alleged misconduct. Given the substantial nature of the claims, investors are encouraged to explore their options and respond swiftly to the ongoing developments.