Reckitt Benckiser Group plc Investors Face Class Action Lawsuit

Strategic Insights -

Reckitt Benckiser Group plc investors who suffered losses due to alleged securities fraud between January 13, 2021, and July 28, 2024, may be eligible to recover their losses in a class action lawsuit. The lawsuit alleges that the company made false statements about its business, operations, and prospects, as well as concealed the risk of necrotizing enterocolitis (NEC) in preterm infants who consumed its Enfamil formula. Investors have until August 4, 2025, to request to be appointed as lead plaintiff in the case.

Key Takeaways:

  • The lawsuit covers investors who held Reckitt Benckiser Group plc (OTCQX: RBGLY) shares between January 13, 2021, and July 28, 2024.
  • The complaint alleges that defendants made false statements about the safety of Enfamil and the company's sales and exposure to legal claims.
  • Investors who suffered losses may be entitled to compensation without payment of any out-of-pocket costs or fees.
  • Levi & Korsinsky, LLP, a law firm with expertise in complex securities litigation, is representing the plaintiffs in the case.
  • Over the past 20 years, Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders.
  • The firm has a track record of winning high-stakes cases and has ranked among the top securities litigation firms in the United States for seven consecutive years.

Statistics:

  • The class action lawsuit covers a period of nearly 4 years, from January 13, 2021, to July 28, 2024.
  • The lawsuit alleges that Reckitt Benckiser Group plc made false statements about its business, operations, and prospects during this period.
  • Investors have until August 4, 2025, to request to be appointed as lead plaintiff in the case.
  • Approximately 70 employees at Levi & Korsinsky are working on the case, demonstrating the firm's commitment to representing the plaintiffs.

Sources:

  • GlobeNewswire, July 22, 2025, "Levi & Korsinsky Reminds Investors of Class Action Lawsuit on Behalf of Reckitt Benckiser Group plc Investors"
  • Levi & Korsinsky, LLP press release, July 22, 2025.