According to the lawsuit, during the Class Period, defendants failed to warn investors and consumers:
- that preterm infants were at an increased risk of developing necrotizing enterocolitis (“NEC”) by consuming Reckitt’s cow’s milk-based formula, Enfamil;
- of the attendant impact on Reckitt’s sales of Enfamil and Reckitt’s exposure to legal claims; and
- 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.
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.
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