institutional access

You are connecting from
Lake Geneva Public Library,
please login or register to take advantage of your institution's Ground News Plan.

Published loading...Updated

RBGLY Investor Notice: Shareholder Rights Law Firm Robbins LLP Reminds Investors of the Class ...

  • Robbins LLP notifies investors about a class action lawsuit concerning individuals who bought Reckitt Benckiser Group PLC American Depositary Shares during the period from early 2021 through mid-2024, alleging securities fraud linked to the safety issues of Enfamil infant formula.
  • The lawsuit follows prior legal actions including a $60 million verdict against Reckitt's Mead Johnson in Illinois on October 28, 2021, and a $495 million verdict against Abbott Laboratories in Missouri on July 23, 2023, involving NEC risks.
  • The class action claims Reckitt misled investors by failing to warn about increased NEC risk for preterm infants consuming Enfamil and omitted impacts on sales and legal exposure, causing significant ADS price declines.
  • The price of ADS shares declined by $1.02, or almost 9%, dropping to $10.64 between July 28 and 29, 2024. Investors seeking to be appointed as lead plaintiff must submit their motions by August 4, 2025, in federal court located in New York.
  • This litigation highlights ongoing shareholder efforts to recover losses and hold Reckitt accountable, with lead plaintiffs directing the case and absent Class members eligible for any recovery without direct appointment.
Insights by Ground AI
Does this summary seem wrong?

125 Articles

All
Left
14
Center
42
Right
6
Bennington BannerBennington Banner
+118 Reposted by 118 other sources
Center

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

NEW YORK, June 7, 2025 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of American Depositary Shares ("ADSs") of Reckitt Benckiser Group PLC (OTC: RBGLY)…

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 68% of the sources are Center
68% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

The AI Journal broke the news in on Thursday, June 5, 2025.
Sources are mostly out of (0)

You have read 1 out of your 5 free daily articles.