Securities Class Action Lawsuit Filed Against Reckitt Benckiser Group plc

Strategic Insights -

Levi & Korsinsky, LLP has filed a class action securities lawsuit against Reckitt Benckiser Group plc, alleging that the company made false statements and concealed information about its infant formula, Enfamil, and its impact on the company's sales and exposure to legal claims. The lawsuit seeks to recover losses on behalf of investors who were adversely affected by the alleged securities fraud between January 13, 2021, and July 28, 2024.

Key Takeaways:

  • The lawsuit alleges that Reckitt Benckiser Group plc made false statements and concealed information about the risk of necrotizing enterocolitis (NEC) in preterm infants who consumed the company's Enfamil formula.
  • The complaint alleges that the company's positive statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
  • Investors who suffered losses in Reckitt Benckiser Group plc during the relevant time frame have until August 4, 2025, to request that the Court appoint them as lead plaintiff.
  • Participating investors may be entitled to compensation without payment of any out-of-pocket costs or fees, with no cost or obligation to participate.
  • Levi & Korsinsky, LLP has a track record of winning high-stakes cases and has secured hundreds of millions of dollars for aggrieved shareholders over the past 20 years.
  • The firm has a team of over 70 employees and has been ranked as one of the top securities litigation firms in the United States by ISS Securities Class Action Services for seven consecutive years.

Statistics:

  • The lawsuit covers a period of approximately 3 years and 6 months, from January 13, 2021, to July 28, 2024.
  • The lawsuit alleges that Reckitt Benckiser Group plc's Enfamil formula was linked to an increased risk of NEC in preterm infants.
  • The complaint alleges that the company's exposure to legal claims was also a material fact that was concealed from investors.

Sources:

  • PRNewswire, June 13, 2025
  • Levi & Korsinsky, LLP, Joseph E. Levi, Esq., and Ed Korsinsky, Esq.