Levi & Korsinsky File Class Action for Reckitt Benckiser Shareholders Affected by Alleged Fraud

Legal Action for Reckitt Benckiser Group plc Shareholders

In a significant development concerning Reckitt Benckiser Group plc (RBGLY), shareholders who experienced financial losses during the period from January 13, 2021, to July 28, 2024, are encouraged to take action through a class action lawsuit filed by Levi & Korsinsky, LLP. This lawsuit aims to address allegations of securities fraud that have reportedly impacted the company's investors.

Overview of the Class Action

The lawsuit seeks to recover losses on behalf of those adversely affected, particularly shareholders misled by false information regarding the company's infant formula product, Enfamil. Allegations indicate that Reckitt Benckiser allegedly failed to disclose critical safety concerns about the product, which may have led to serious health risks for premature infants.

Key Allegations

The complaint alleges that Reckitt Benckiser executives made misleading statements regarding the safety and sales performance of Enfamil. Key points raised in the allegations include:
1. There was an increased risk associated with Enfamil that could lead to necrotizing enterocolitis (NEC) in preterm infants.
2. This risk could have negatively affected sales figures, further exposing the company to potential legal claims.
3. In light of the above, the positive statements regarding Reckitt’s financial stability were deemed materially false and misleading.

Next Steps for Shareholders

Affected shareholders are urged to act before the set deadline of August 4, 2025, to request to be appointed as lead plaintiffs in the class action lawsuit. Participation in the case does not require serving as a lead plaintiff to be eligible for any potential recovery.

No Cost to Participants

For those who qualify as class members, this opportunity comes without upfront costs or obligations. Levi & Korsinsky has assured that there will be no fees deducted from any potential compensation, making it accessible for all affected investors.

Levi & Korsinsky’s Expertise

With over two decades of experience in securities litigation, the law firm Levi & Korsinsky has built a strong reputation for fighting on behalf of investors, securing hundreds of millions in settlements over the years. Their team is well-equipped to handle complex cases of this nature, ensuring that clients receive the legal representation they deserve.

Contact Information

Shareholders looking for more information on how to proceed are encouraged to contact Joseph E. Levi, Esq. at Levi & Korsinsky, LLP. They can reach him via email at [email protected] or call 212-363-7500. Prospective plaintiffs can also complete an online form for assistance.

As Reckitt Benckiser faces serious allegations affecting its reputation and stock performance, investors are reminded of the importance of remaining vigilant about the companies they invest in, especially when faced with potential legal issues. This case exemplifies the ongoing need for accountability in corporate practices and transparency in financial reporting.

For more detailed updates on the case, investors can visit Levi & Korsinsky's website at www.zlk.com.