RBGLY Deadline: RBGLY Investors with Losses in Excess of $100K Have Opportunity to Lead Reckitt Benckiser Group PLC Securities Fraud Lawsuit
So What: If you purchased Reckitt ADSs you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
What to do next: To join the Reckitt class action, go to https://rosenlegal.com/submit-form/?case_id=40120 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 4, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
Details of the case: According to the lawsuit, during the Class Period, defendants failed to warn investors and consumers: (1) that preterm infants were at an increased risk of developing necrotizing enterocolitis ('NEC') by consuming Reckitt's cow's milk-based formula, Enfamil; (2) of the attendant impact on Reckitt's sales of Enfamil and Reckitt's exposure to legal claims; and (3) as a result of the above, defendants' positive statements about Reckitt's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Reckitt action, go to https://rosenlegal.com/submit-form/?case_id=40120 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.Phillip Kim, Esq.The Rosen Law Firm, P.A.275 Madison Avenue, 40th FloorNew York, NY 10016Tel: (212) 686-1060Toll Free: (866) 767-3653Fax: (212) 202-3827case@rosenlegal.comwww.rosenlegal.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
2 hours ago
- The Star
‘Every day, we think about how to upgrade': China's factories see rise in robot adoption
GUANGZHOU (The Straits Times/ANN): When Sun Huihai first began working at a factory in the southern manufacturing belt of Guangdong some 13 years ago, his colleagues were all humans. Now, they are joined by more than 200 robots which can work around the clock, seven days a week, to help produce air-conditioners for home appliances giant Midea. Rows of bright orange robot arms whir at all hours of the day, fishing freshly pressed plastic parts out of hot metal moulds and onto a long conveyor belt. Driverless robots with blinking lights store these parts in a multi-storey warehouse, and later take them to be assembled into units that are sold in China and around the world. The number of robots put to work on the factory floor increases every year, said Mr Sun, 37, who heads the plant's engineering department. 'Every day, we think about how to upgrade and make manufacturing here more intelligent,' he told The Straits Times. Scenes like this have become more common across China, as the 'factory of the world' turns to robotics to sustain and turbocharge its manufacturing juggernaut. Over the past decade, the number of industrial robots on China's factory floors has increased more than six times to over 1.7 million, as companies grappled with rising wages and a shortage of workers willing to staff production lines. China now has the world's third-highest density of robots in its manufacturing industry, trailing South Korea and Singapore in first and second place respectively, according to the International Federation of Robotics' figures for 2023, the latest available. Their deployment is poised to increase further as China continues its transition from low-value, labour-intensive production to advanced manufacturing – a national priority. 'At any given time, China cannot do without the manufacturing industry,' said Chinese President Xi Jinping in 2023. 'The state will strongly support the development of high-end manufacturing,' he added. Policymakers in China, wary of the hollowing out of industries which can occur when countries get richer, have long pushed for greater automation to keep factories competitive. A decade ago, the government rolled out 'Made in China 2025', a plan to upgrade manufacturing and become a production hub for high-tech sectors such as robots. Rebates, subsidies and other incentives have been offered to encourage factories to automate. A rise in domestic production of industrial robots has also reduced prices, making the machines more affordable. Factories in China pumped out nearly 370,000 of such robots in the first half of 2025, up 35.6 per cent from the previous year, according to figures from the National Bureau of Statistics. At the Midea factory in Nansha, Guangzhou, where Mr Sun works, there are 204 robotic arms and 82 automated guided vehicles. They are supplied by Kuka, a German industrial robot giant which the Chinese company bought over. One section of the plant, where plastic parts for the air-conditioner are moulded and retrieved, is dubbed a 'dark (heideng)' area. It is so named because of the high degree of automation: In theory, it can run without humans or any lights on, but in practice, it is brightly lit here at the plant. Not every part of the factory is as automated, a costly endeavour. Humans are needed to staff assembly lines, maintain the machines, and check the quality of manufactured parts. The facility employs some 4,000 workers during peak season, Mr Sun says. Elsewhere, other manufacturers of electrical items, electronics and cars – the main users of industrial robots in China – have also ramped up the use of technology on their factory floors. 'Dark factories' have become a buzzword to describe the most advanced of China's production facilities. Such operations have reportedly been adopted by companies ranging from home appliance giants Xiaomi and Gree to automakers Changan and Zeekr. As robot adoption picks up pace, one question that arises is: What will happen to the more than 100 million workers whom China's manufacturing sector employs? The automation drive has at times been dubbed 'replace humans with robots (jiqi huanren)'. In 2021, Gree's chairman said that the company's 'dark factory' had slashed the need for workers at the plant from 10,000 to 1,000. In Mr Sun's telling, employment at Midea's air-conditioner factory has remained roughly unchanged from a decade ago. What has changed, he said, is productivity. The number of air-conditioners the factory produces has more than tripled from 2015, company figures show. Academics Nicole Wu and Sun Zhongwei, who interviewed and surveyed factory workers in southern China just prior to the Covid-19 pandemic, found that these individuals were not too concerned about robots just yet. 'Contrary to the more pessimistic assessments of automation, most manufacturing workers in Guangdong – who are buffered by steady increases in demand and a chronic labour shortage – appear to be unfazed by technological change at present,' they wrote in a paper published this year. As China's birth rate falls and the population grows more educated, it has become more difficult for factory bosses to fill jobs, said Professor Sun Zhongwei, who studies industrial relations and social security at the South China Normal University. He is not worried that the automation drive will go so far as to undermine the manufacturing jobs often seen as a means of stabilising employment, because market forces are at play. Automation is a rational process, and industrial robots are a sizeable investment, Prof Sun said. 'Companies will need to calculate whether the cost of the machinery justifies the wages saved.' Still, he added, the biggest losers as manufacturing goes high-tech are lower educated, older migrant workers who lack the skills to remain relevant. Many will have to return to their rural homes to do odd jobs, while others might find employment as service staff. Back at the Midea factory, Mr Wang Liangcai, 26, an engineer, believes that his job is safe from automation for now. 'Equipment still needs to be maintained, it can't do so itself,' he said. 'But if you think about the long run... we also don't know how things will be.' - The Straits Times/ANN
The Star
2 hours ago
- The Star
China EV war: Tesla, Nio, and Li Auto target mainland families with premium SUVs
Electric-vehicle (EV) makers from Tesla to Nio are shifting their focus from price cuts to developing spacious family friendly, long-range vehicles for the mainland Chinese market. The premium SUV segment has emerged as the new battlefront, as carmakers heed Beijing's call to end a brutal price war and chase affluent consumers to improve their bottom line.
The Star
3 hours ago
- The Star
Laos works to boost tourism and elevate service quality as fuel for economic growth
VIENTIANE (Xinhua): Laos is enhancing its tourism sector by improving standards, upgrading infrastructure, and elevating service quality and visitor experiences, recognizing tourism as a vital driver of economic growth. Initiatives include expanding media promotion, promoting digital payments, and modernizing border checkpoints to attract more visitors and boost economic growth. The Lao government also plans to review visa policies and strengthen regional cooperation. These measures aim to position the Southeast Asian country as a more accessible, competitive, and sustainable tourism destination. Maikham, a hotel staff member in northern Laos' Luang Prabang province, emphasized the importance of continuously improving service standards to meet visitor satisfaction and attract tourists for repeat visits. Maikham said that the growing number of visitors not only boosts economic growth but also inspires local communities to enhance their services, maintain cleaner environments, and create more cultural experiences for tourists. She also expressed strong support for national efforts to attract more tourists and stressed the importance of community involvement in shaping a brighter future for the country's tourism sector. Laos is continuing its national tour guide training program to build a skilled and sufficient workforce that meets the growing demands of the tourism sector. Kanchana, a resident of Vientiane province, stressed enhancing the service mindset of the Lao people to welcome diverse tourists. She noted that local residents should be equipped with basic tourism knowledge to better assist visitors. Chanhphieng, a vendor in Luang Prabang, highlighted the need to offer more creative and diverse food, drinks, services, and activities to keep tourists engaged and encourage them to return. To attract more visitors, the Lao Ministry of Culture and Tourism is preparing for the second Visit Laos-China Year, with a focus on strengthening tourism promotion and attracting more Chinese tourists. In 2024, Laos welcomed 1,048,035 Chinese visitors, and in the first half of 2025, 602,103 Chinese tourists were recorded, indicating continued growth. Laos aims to attract 4.3 million international tourists in 2025, with expectations to generate over US$1 billion in revenue. - Xinhua
