#USA #New York #Class Action #Securities Fraud #Reckitt Benckiser

Reckitt Benckiser Group plc: Securities Fraud Class Action Lawsuit

In a significant development, investors of Reckitt Benckiser Group plc are alerted to an ongoing class action lawsuit accusing the company of securities fraud. This action has been initiated by law firm Levi & Korsinsky, LLP, aimed at recovering losses sustained by shareholders who invested during a specified period. The allegations revolve around misleading statements that purportedly inflated the company's performance and concealed significant risks associated with its products, particularly its cow's milk-based formula, Enfamil.

Background of the Case

The class action lawsuit targets investors who acquired shares of Reckitt Benckiser Group plc between January 13, 2021, and July 28, 2024. The lawsuit specifically claims that Reckitt Benckiser knowingly misled the public about the safety of its Enfamil formula, which was allegedly linked to an increased risk of developing necrotizing enterocolitis (NEC) in preterm infants. The suit argues that these misleading statements contributed to an unsustainable boost in sales, thus exposing investors to legal claims and materially misrepresenting the company's financial position.

The company has come under scrutiny as it faces these allegations, which suggest that positive representations about business operations and growth prospects were not based on reality. Investors who feel they have been impacted by these alleged misrepresentations are encouraged to come forward.

Next Steps for Investors

For those who believe they suffered losses linked to Reckitt Benckiser's actions, it is crucial to act swiftly. Investors have until August 4, 2025, to request that the Court designate them as lead plaintiffs for this class action. Participation does not necessitate serving in this lead role, and there are no costs associated with joining the class for eligible members.

Levi & Korsinsky's track record speaks volumes; the firm has successfully recovered hundreds of millions of dollars for shareholders over the past two decades. With more than 70 professionals dedicated to securities litigation, they are well equipped to handle complex cases like this one. Their expertise has also placed them among the top securities litigation firms in the United States, as recognized by ISS Securities Class Action Services.

How to take Action

Affected investors can reach out to Levi & Korsinsky for assistance and more information on participating in the lawsuit. Interested parties are encouraged to fill out a submission form, which can be done via the link provided in the firm's announcement. Additionally, inquiries can be directed to attorney Joseph E. Levi at (212) 363-7500 or through email at [email protected]

Conclusion

This class action lawsuit against Reckitt Benckiser Group plc highlights the potential risks and legal implications businesses face when transparency and consumer safety are in question. Investors affected by this situation have a chance to seek redress. The forthcoming proceedings may uncover further insights into company operations and the necessary safeguards that should be implemented to protect investors and consumers alike.

For more information and to ensure your voice is heard, do not hesitate to contact Levi & Korsinsky before the impending deadline.