RBGLY Investors Have Opportunity to Lead Reckitt Benckiser Group PLC Securities Fraud Lawsuit

Key Takeaways:

• Rosen Law Firm filed a class action lawsuit against Reckitt Benckiser Group PLC alleging securities fraud.
• The lawsuit covers ADSs purchased between January 13, 2021, and July 28, 2024.
• Investors have until August 4, 2025, to move the court to serve as lead plaintiff.
• Potential compensation may be available without out-of-pocket expenses.
• Investors are encouraged to seek more information from Rosen Law Firm.

Investors May Lead Class Action Against Reckitt Benckiser

A class action lawsuit alleging securities fraud has been filed against Reckitt Benckiser Group PLC by Rosen Law Firm, a global investor rights law firm. The lawsuit is on behalf of investors who purchased the company’s American Depositary Shares (ADSs) between January 13, 2021, and July 28, 2024.

Background on Reckitt Benckiser

Reckitt Benckiser Group PLC is a multinational consumer goods company. Its ADSs, traded under the symbol RBGLY, represent a significant investment for shareholders in the over-the-counter market.

Allegations of Securities Fraud

The lawsuit claims that Reckitt Benckiser violated federal securities laws, impacting investors who purchased ADSs during the specified period. While specific details of the alleged fraud are part of the legal proceedings, the implications suggest that the company’s actions may have adversely affected the value of its securities.

Action Required for Investors

Investors who believe they are part of the affected class have the opportunity to serve as lead plaintiff in the lawsuit. To do so, they must move the court no later than August 4, 2025. Serving as lead plaintiff allows an investor to act on behalf of all class members in directing the litigation.

Deadline Importance

The August 4 deadline is critical. Investors who fail to act by this date may forfeit their chance to influence the lawsuit’s direction or to maximize potential recovery from any settlement or judgment.

Potential Compensation

Investors may be entitled to compensation without any out-of-pocket expenses. The lawsuit seeks to recover damages on behalf of the class members, aiming to address the financial losses incurred due to the alleged securities fraud.

Seeking More Information

Rosen Law Firm encourages affected investors to reach out for more information. By understanding their rights and the legal options available, investors can make informed decisions about their participation in the lawsuit.

Conclusion

With the deadline approaching, investors in Reckitt Benckiser’s ADSs during the Class Period should consider their potential role in the class action lawsuit. Timely action could be crucial in seeking compensation and holding the company accountable for the alleged securities violations.