Archived Investigations

RTX Corporation f/k/a Raytheon Technologies Corporation (NYSE: RTX)

Company Name:RTX Corporation f/k/a Raytheon Technologies
Stock Symbol:NYSE: RTX
Court:District of Connecticut
Class Period Start:02/08/2021
Class Period End (inclusive):09/08/2023
Filing Deadline:The deadline has passed.
August 4, 2023

RTX and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. 

The alleged false and misleading statements and omissions include, but are not limited to, that: (i) the Company’s Geared Turbofan (GTF) engine that powers hundreds of aircraft across many airlines had been affected by a quality control issue from at least 2015-2020; (ii) the quality control issue would require the Company to recall and reinspect many of its GTF airplanes, affecting customers and harming its business; and (iii) as a result, RTX’s statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

The case is Peneycad v. RTX Corporation f/k/a Raytheon Technologies Corporation, et al., 23-cv-01035.

A subsequent case was filed, New England Teamsters Pension Fund v. RTX Corporation, et al., 23-cv-01274.

Click here to read the first filed complaint.

Click here to read the subsequent complaint.