Kaplan Fox reminds investors of class action lawsuit against Rentokil Initial plc (RTO) and lead plaintiff Deadline is January 27, 2025 By Investing.com
NEW YORK – (NewMediaWire) – January 3, 2025 – Kaplan Fox & Kilsheimer LLP announces that a class action has been filed against Rentokil Initial (LON:) plc (Rentokil or the Company) (NYSE: RTO ) on behalf of investors who purchased Rentokil American Depositary Shares (ADS) between December 1, 2023 and September 10, 2024 (the Class Period).
CLICK HERE TO JOIN THE CASE
If you are an investor in Rentokil ADSs and have suffered losses, you can CLICK HERE to contact us. You can also contact Kaplan Fox by emailing pmayer@kaplanfox.com or calling (646) 315-9003.
DEADLINE REMINDER: If you are a member of the proposed class, you may move the court no later than January 27, 2025 to be the lead plaintiff for the proposed class. If you have losses, we encourage you to contact us to learn more about the Attorney General process.
Prior to the Class Period, on October 12, 2022, Rentokil announced the completion of its acquisition of Terminix Global Holdings, Inc. (Terminix), making Terminix part of Rentokil’s North American pest control business.
According to the complaint, on September 11, 2024, before the market opened, Rentokil provided an unscheduled trading update, announcing that the company now expects only 1% organic revenue growth in North America for the second half of 2024, well below the company’s. previous leadership.
Following this news, the price of Rentokil ADSs fell by $6.65 per share, more than 21%, to $24.95 per ADS on September 11, 2024.
The complaint alleges, among other things, that the defendants made materially false and misleading statements and failed to disclose to investors that during the Class Period, Rentokil experienced disruptions and significant, ongoing, self-inflicted challenges to the execution of the Terminix integration, which adversely affected the Company’s operations, particularly the company’s organic revenue growth in North America.
WHY CONTACT KAPLAN FOX – Kaplan Fox is a leading national law firm focusing on complex litigation with offices in New York, Oakland, Los Angeles, Chicago and New Jersey. With over 50 years of experience in securities litigation, Kaplan Fox offers the professional experience and results clients demand. Through litigating cases at the federal and state levels, Kaplan Fox has successfully shaped the law by making many important decisions on behalf of our clients. For more information about Kaplan Fox & Kilsheimer LLP, you can visit our website at www.kaplanfox.com.
This press release may be considered solicitor advertising in some jurisdictions under applicable law and ethical rules.
If you have any questions about this Notice, your rights or interests, please contact:
CONTACT:
Pamela A. Mayer
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th floor
New York, New York 10022
(646) 315-9003
pmayer@kaplanfox.com
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
lking@kaplanfox.com
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