Archived Investigations

Reckitt Benckiser Group PLC (OTC: RBGLY)

Company Name:Reckitt Benckiser Group PLC (OTC: RBGLY)

Stock Symbol:Reckitt Benckiser Group PLC (OTC: RBGLY)

Court:Southern District of New York

Class Period Start:01/13/2021

Class Period End (inclusive):07/28/2024

Filing Deadline:The deadline has passed.

June 5, 2025

Reckitt 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) preterm infants were at an increased risk of developing necrotizing enterocolitis (“NEC”) by consuming the Company’s cow’s milk-based formula, Enfamil; (ii) such risk could impact the Company’s sales of Enfamil and expose the Company to legal claims; and (iii) as a result of the foregoing, 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.

The case is Elevator Constructors Union Local No. 1 Annuity & 401(K) Fund v. Reckitt Benckiser Group PLC, et al., No. 25-cv-4708.

Click here to read the first filed complaint.

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Topics:

What Information Do We Collect About You?
How Do We Collect Information About You?
How Will We Use Information We Collect About You?
Marketing
Access to Your Information and Correction
Your California Privacy Rights
Cookies
Data Retention and Storage
Changes to Our Privacy Policy
How to Contact Us