Reckitt Benckiser Shareholder Alert: Class Action Lawsuit Details

Reckitt Benckiser Shareholder Alert

In a recent announcement from ClaimsFiler, investors who have incurred significant losses with Reckitt Benckiser Group PLC are reminded of an urgent deadline. Shareholders have until August 4, 2025, to file lead plaintiff applications in a class action lawsuit against the company. This notice applies to those who purchased the company’s American Depositary Shares (ADS) between January 13, 2021, and July 28, 2024, inclusive.

Reckitt Benckiser is facing allegations related to failing to disclose critical information that could have significantly impacted investors' decisions during the specified class period. The action is currently ongoing in the United States District Court for the Southern District of New York.

Details About the Lawsuit

The lawsuit, titled "Elevator Constructors Union Local No. 1 Annuity 401(K) Fund v. Reckitt Benckiser Group PLC, et al., No. 25-cv-4708," claims that Reckitt and some of its executives failed to inform shareholders about serious risks connected to its cow's milk-based infant formula, Enfamil. Specifically, it is alleged that preterm infants consuming this formula faced an elevated risk of developing necrotizing enterocolitis (NEC), a serious intestinal disease. This risk could potentially lead to a decline in sales for the Enfamil product line and expose the company to numerous legal claims and liabilities.

Furthermore, the lawsuit contends that the company made positive statements about its business operations that were not only misleading but also lacked a factual basis. These statements could have influenced many investors' perceptions of the company's stability and future prospects.

Given the serious nature of the allegations and the significant financial stakes involved, ClaimsFiler encourages impacted investors to take action. Interested shareholders can visit ClaimsFiler's website for more information or contact the company’s support team at 844-367-9658 for inquiries related to the lawsuit and guidance on legal options.

The Role of ClaimsFiler

ClaimsFiler plays a crucial role for retail investors by providing free information services to assist in recovering losses from class action settlements. Their platform allows investors to register for timely updates on relevant securities cases and submit claims accordingly. They also offer the option to upload portfolio transactional data, ensuring that users are promptly notified of cases that may financially impact them.

As the deadline approaches, it is vital for Reckitt Benckiser investors to be proactive in exploring their options to potentially recover financial losses. In light of the lawsuit's ongoing developments, the entire investor community is encouraged to stay informed and engage with available resources.

In conclusion, if you or someone you know has suffered losses in excess of $100,000 due to Reckitt Benckiser's alleged misrepresentations, consider taking swift action before the deadline expires. Legal consultation and timely registration are keys to ensuring that you remain eligible for potential recoveries.