Sign in Subscribe
Class action lawsuits

Securities Class Action Lawsuit Against Reckitt Group PLC: Lead Plaintiff Deadline Approaching

Strategic Insights

— 1 min read

In a pending securities class action lawsuit against Group PLC, investors who purchased the Company's American Depositary Shares (ADSs) between January 13, 2021, and July 28, 2024, have until August 4, 2025, to file lead plaintiff applications. The lawsuit alleges that Reckitt and certain executives failed to disclose material information during this period, violating federal securities laws. The alleged false and misleading statements concern the Company's cow's milk-based formula, Enfamil, and its potential risk of causing necrotizing enterocolitis (NEC) in preterm infants.

Key Takeaways:

  • The lawsuit alleges that Reckitt failed to disclose the risk of NEC associated with Enfamil, impacting the Company's sales and exposing it to legal claims.
  • The case is Elevator Constructors Union Local No. 1 Annuity & 401(K) Fund v. Reckitt Benckiser Group PLC, et al., No. 25-cv-4708.
  • Investors have until August 4, 2025, to file lead plaintiff applications.
  • KSF, a leading securities litigation law firm, is one of the top 10 plaintiff law firms in the nation, as ranked by ISS Securities Class Action Services.
  • KSF has offices in New York, Delaware, California, Louisiana, Chicago, New Jersey, and a representative office in Luxembourg.
  • Reckitt and certain executives are charged with violating federal securities laws due to alleged false and misleading statements regarding Enfamil.

Statistics:

  • The Class Period spans from January 13, 2021, to July 28, 2024.
  • Investors have until August 4, 2025, to file lead plaintiff applications in the lawsuit.
  • The lawsuit was filed in the United States District Court for the Southern District of New York.
  • KSF has resolved numerous securities class action cases, with a total settlement value ranking them among the top 10 firms nationally.

Sources:

  • Globe NewsWire, "KSF Reminds Investors of Lead Plaintiff Deadline in Class Action Lawsuit Filed Against Reckitt Group PLC (OTC: RBGLY)", July 15, 2025
  • ISS Securities Class Action Services, "Top 10 Plaintiff Law Firms 2025"
  • Complaint filed in Elevator Constructors Union Local No. 1 Annuity & 401(K) Fund v. Reckitt Benckiser Group PLC, et al., No. 25-cv-4708
  • Khan Swick & Foti, LLC website and press release, July 15, 2025

Read more