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Class action lawsuits

Rosen Law Firm Reminds Investors of Lead Plaintiff Deadline in Class Action Lawsuit Against Reckitt Benckiser Group PLC

Strategic Insights

— 1 min read

Purchasers of American Depositary Shares (ADSs) of Reckitt Benckiser Group PLC between January 13, 2021, and July 28, 2024, have until August 4, 2025, to join the class action lawsuit, which alleges that the company failed to warn investors and consumers about the risks of its cow's milk-based formula, Enfamil, on preterm infants. The lawsuit claims that investors suffered damages when the true details of the company's business and operations entered the market.

Key Takeaways:

  • The class action lawsuit alleges that Reckitt Benckiser Group PLC failed to warn investors and consumers about the risks of its cow's milk-based formula, Enfamil, on preterm infants.
  • The lawsuit claims that the company's positive statements about its business and prospects were materially false and misleading during the Class Period.
  • Investors who purchased ADSs of Reckitt Benckiser Group PLC between January 13, 2021, and July 28, 2024, may be entitled to compensation without payment of any out-of-pocket fees or costs through a contingency fee arrangement.
  • The lead plaintiff deadline is August 4, 2025, and investors who wish to serve as lead plaintiff must move the court by this date.
  • The Rosen Law Firm has a track record of success in securities class actions and shareholder derivative litigation, with over $438 million in recoveries for investors in 2019 alone.
  • Laurence Rosen, founding partner of the Rosen Law Firm, was named by law360 as a Titan of Plaintiffs' Bar in 2020.

Statistics:

  • $438 million: amount recovered for investors in 2019 alone.
  • 2017: year the Rosen Law Firm secured the largest ever securities class action settlement against a Chinese Company at the time.
  • 2013-2017: years during which the Rosen Law Firm was ranked in the top 4 for number of securities class action settlements by ISS Securities Class Action Services.

Sources:

  • https://www.newsfilecorp.com/release/260263
  • https://rosenlegal.com/submit-form/?case_id=40120
  • https://www.linkedin.com/company/the-rosen-law-firm
  • https://twitter.com/rosen_firm
  • https://www.facebook.com/rosenlawfirm

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