Reckitt Benckiser Group plc

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Investigation Details

An Illinois jury returned a $60 million verdict against Reckitt on March 15, 2024. The verdict was the first lawsuit related to necrotizing enterocolitis (“NEC”) that reached a verdict. A second jury awarded $95 million on July 29, 2024, to the plaintiff in a NEC case against the Company’s competitor, Abbott. Following on this news, the Company’s American Depositary Receipts (“ADRs”) fell sharply. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.