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Class action lawsuits

Securities Class Action Lawsuit Against Reckitt PLC

Strategic Insights

— 1 min read

Pursuant to a class action lawsuit, Reckitt PLC, a leading global consumer goods company, is being charged with failing to disclose material information regarding its baby formula, Enfamil, which allegedly increased the risk of necrotizing enterocolitis (NEC) in preterm infants. This hidden risk could have impacted the company's sales and exposed it to legal claims. The lawsuit, filed on behalf of investors who purchased Reckitt's American Depositary Shares between January 13, 2021, and July 28, 2024, seeks to recover economic losses.

Key Takeaways:

  • The lawsuit alleges that Reckitt's executives failed to disclose material information regarding the increased risk of NEC in preterm infants consuming Enfamil, violating federal securities laws.
  • The alleged false and misleading statements and omissions include, but are not limited to, the risk of NEC, the potential impact on sales, and the exposure 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 in the securities class action lawsuit.
  • KSF, a premier boutique securities litigation law firm, is representing investors in this matter.
  • KSF has offices in New York, Delaware, California, Louisiana, Chicago, New Jersey, and a representative office in Luxembourg.

Statistics:

  • The class period spans from January 13, 2021, to July 28, 2024, inclusive.
  • Investors who purchased Reckitt's American Depositary Shares during this period may be eligible to recover economic losses.
  • The lawsuit alleges that Enfamil, a baby formula sold by Reckitt, increased the risk of NEC in preterm infants.
  • NEC is a serious and potentially life-threatening condition in preterm infants.

Sources:

  • GlobeNewswire, July 08, 2025: "KSF Reminds Investors of July 28, 2024 Deadline in Securities Class Action Lawsuit Against Reckitt plc - RBGLY"
  • ISS Securities Class Action Services: "Top 10 Plaintiff Law Firms, 2025"
  • Reckitt PLC: "About Us" and "Investor Relations"

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