Core Viewpoint - A class action securities lawsuit has been filed against Rentokil Initial plc, alleging securities fraud that negatively impacted investors between December 1, 2023, and September 10, 2024 [1][2]. Group 1: Allegations of the Lawsuit - The lawsuit claims that Rentokil faced significant disruptions during the early integration of Terminix, which were not disclosed to investors [2]. - It is alleged that Rentokil encountered ongoing execution challenges in integrating Terminix, which jeopardized the integration plan [2]. - The complaint states that Rentokil and Terminix remained separate entities and that the failure to integrate negatively affected the company's business, particularly organic revenue growth in North America [2]. - Positive statements made by the defendants regarding the company's business and prospects were claimed to be materially false and misleading [2]. Group 2: Next Steps for Affected Investors - Investors who suffered losses during the specified timeframe have until January 27, 2025, to request to be appointed as lead plaintiff [3]. - Participation in the lawsuit does not require serving as a lead plaintiff, and there are no out-of-pocket costs for class members [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing significant compensation for shareholders and has been recognized as one of the top securities litigation firms in the United States [4].

Core Viewpoint - A class action has been filed against Rentokil Initial PLC for allegedly misleading investors regarding the integration of Terminix, which has led to significant operational challenges and lower-than-expected revenue growth in North America [2][3]. Group 1: Allegations and Integration Issues - The complaint alleges that Rentokil did not disclose various issues during the integration of Terminix, including disruption in early pilots, ongoing execution challenges, and the fact that Rentokil and Terminix remained separate businesses [2]. - The failure to effectively integrate Terminix has negatively impacted Rentokil's business operations, particularly its organic revenue growth in North America [2]. Group 2: Impact on Stock Price - Following the announcement of the integration challenges on September 11, 2024, Rentokil's American Depository Shares (ADSs) fell by $6.65, or over 21%, from $31.60 to $24.95 [3]. Group 3: Class Action Participation - Investors who purchased Rentokil ADSs between December 1, 2023, and September 10, 2024, may be eligible to participate in the class action, with a deadline to apply as lead plaintiff set for January 27, 2025 [4].

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Rentokil Initial plc regarding a class action lawsuit due to alleged misleading statements and execution challenges related to the integration of Terminix [1][2]. Group 1: Allegations - The complaint alleges that Rentokil made materially false and misleading statements during the class period from December 1, 2023, to September 10, 2024 [1]. - Specific allegations include disruption in early pilots of the Terminix integration, significant self-inflicted execution challenges, and the failure to integrate Terminix, which negatively impacted organic revenue growth in North America [1]. - The lawsuit claims that Rentokil and Terminix remained separate businesses and that the positive statements made by the defendants lacked a reasonable basis [1]. Group 2: Class Action Details - Shareholders who purchased shares of Rentokil during the specified class period are encouraged to register for the class action, with a deadline of January 27, 2025, to seek lead plaintiff status [2]. - Registered shareholders will receive updates through portfolio monitoring software throughout the lifecycle of the case [2]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and illegal business practices [3]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [3].

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Rentokil Initial plc due to alleged violations of federal securities laws, encouraging affected investors to come forward [2][4]. Group 1: Allegations Against Rentokil - The complaint alleges that Rentokil and its executives made false and misleading statements regarding the integration of Terminix, leading to significant execution challenges [4]. - Specific issues cited include disruption during the early integration pilots, ongoing execution challenges, and the failure to integrate Terminix, which negatively impacted organic revenue growth in North America [4]. - The allegations suggest that Rentokil's positive statements about its business and prospects were materially false and lacked a reasonable basis [4]. Group 2: Financial Impact and Market Reaction - On April 18, 2024, Rentokil reported only 1.5% organic revenue growth in North America for Q1 2024, below the guidance of 2%, leading to a 9% drop in the stock price [5]. - A subsequent trading update on September 11, 2024, revealed an expected 1% organic revenue growth for the second half of 2024, causing a further 21% decline in stock price [6]. - The CEO and CFO acknowledged execution challenges during the conference call, indicating that the integration efforts had not been successful [6]. Group 3: Legal Proceedings and Investor Actions - Investors who suffered losses exceeding $75,000 in Rentokil between December 1, 2023, and September 10, 2024, are encouraged to discuss their legal rights with Faruqi & Faruqi [1]. - The deadline to seek the role of lead plaintiff in the federal securities class action against Rentokil is January 27, 2025 [2]. - Any member of the putative class can move the Court to serve as lead plaintiff or remain an absent class member without affecting their ability to share in any recovery [7].

Amazon's Return-to-Office (RTO) Plan Delays - Amazon has delayed its full five-day return-to-office (RTO) plan in some locations due to insufficient office space [1][5] - Employees in affected locations are being asked to continue following the previous policy of working three days a week in the office [1][5] - The delays are expected to stretch as late as May, with the real estate team notifying employees late last year about the continuation of the current in-office guidance [2] Locations Affected by RTO Delays - The internal list includes major tech hubs such as Santa Clara, Austin, Beijing, Shenzhen, and Bangalore [1] - Over 40 locations globally are impacted, including Raleigh, Annapolis Junction, Baltimore, Columbia, Cupertino, Irvine, Nashville, Boulder, Charlotte, Houston, Jersey City, Newark, Atlanta, Dallas, East Palo Alto, Mexico City, Sao Paulo, Tampa, Miami, Brooklyn, Columbus, New York, Sacramento, Hamburg, Munich, Tel Aviv, Amman, Milan, Cairo, Madrid, Barcelona, Berlin, Dubai, Istanbul, Hyderabad, Mumbai, and Shanghai [3][5] Reasons Behind the RTO Policy - Amazon's original guidance required employees to work from the office five days a week starting January 2, with the aim of improving collaboration and strengthening company culture [2] - CEO Andy Jassy emphasized that the RTO mandate was designed to further strengthen the company's culture and teams [2] Current Status of Office Readiness - An Amazon spokesperson stated that buildings were ready for a majority of employees on January 2, but some locations still face space constraints [1]

Core Viewpoint - A class action securities lawsuit has been filed against Rentokil Initial plc, alleging securities fraud that negatively impacted investors between December 1, 2023, and September 10, 2024 [1][2]. Group 1: Allegations of the Lawsuit - The lawsuit claims that Rentokil faced significant disruptions during the early integration of Terminix, leading to execution challenges [2]. - It is alleged that Rentokil and Terminix remained separate entities and that the failure to integrate negatively affected the company's business, particularly organic revenue growth in North America [2]. - Positive statements made by the defendants regarding Rentokil's business and prospects are claimed to be materially false and misleading due to the aforementioned issues [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until January 27, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require this [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the U.S. [4].

Company Overview - Rentokil Initial is a global pest control company with a strong presence in the US market [1] - The company, along with Rollins, is consolidating the fragmented pest control market in the US [1] Investment Strategy - The investment approach focuses on companies in niche markets with strong growth potential, solid management teams, and reasonable valuations [1] - The strategy emphasizes long-term, quality growth-oriented investments rather than short-term performance [1] - The target annual return for the portfolio is 15%, with a focus on diversification, risk management, and disciplined trading [1] Market Position - Rentokil Initial and Rollins are key players in the US pest control market, driving consolidation in the industry [1]

Transaction Overview - GlobalBlock Digital Asset Trading Limited has entered into a binding letter of intent (LOI) with CHAINERGY for a reverse takeover transaction, expected to be completed by February 28, 2025 [1][6] - The combined entity will carry on CHAINERGY's business, with existing shareholders and subscribers exchanging their securities for those of the Resulting Issuer [2] - The Transaction is based on a valuation of GlobalBlock at C$6,300,000 (C$0.07 per share) and CHAINERGY at C$12,950,000 [6] CHAINERGY Business - CHAINERGY is a UK-based company focused on sustainable modular data centers to meet the growing demand for AI, leveraging energy optimization and digital infrastructure expertise [3] - The company aims to address the AI energy challenge with scalable, energy-first solutions that bypass grid constraints [3][4] - CHAINERGY plans to deploy its first commercial-scale data center in the UK, with potential expansion across Europe [4] Transaction Details - GlobalBlock will acquire all issued and outstanding securities of CHAINERGY in exchange for 177,422,689 common shares (approximately 43,166,667 post-Consolidation) [6] - A concurrent financing of subscription receipts is planned, aiming for minimum gross proceeds of C$5.5 million at C$0.30 per receipt [9][10] - The Transaction is subject to board, shareholder, and regulatory approvals, including TSX Venture Exchange approval [8] Management and Governance - The Resulting Issuer's board will consist of four members, with CHAINERGY nominating two, GlobalBlock nominating one, and one member to be determined [12] - James Behan and Roger Cockram, founders of CHAINERGY, will assume the roles of CEO and COO of the Resulting Issuer [13] Capitalization and Share Structure - GlobalBlock currently has 86,313,741 common shares issued and outstanding, with options for up to 3,400,000 shares held by directors and officers [16] - CHAINERGY has 100,381 shares issued and outstanding, with James Behan and Roger Cockram each owning approximately 46.8% [18] Additional Considerations - The company name will be changed to reflect the Resulting Issuer's business, subject to regulatory and shareholder approvals [19] - Finder's fees of 716,992 post-Consolidation common shares are proposed for Rufus Round and Angus Campbell, subject to Exchange approval [20]

NEW YORK, Jan. 6, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Rentokil Initial plc (NYSE: RTO).Shareholders who purchased shares of RTO during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/rentokil-initial-plc-loss-submission-form/?id=120448&from=4CLASS PERIOD: December 1, 2023 ...

Lawsuit Overview - Levi & Korsinsky, LLP has notified Rentokil Initial plc (NYSE: RTO) investors of a class action securities lawsuit [1] - The lawsuit aims to recover losses for Rentokil investors affected by alleged securities fraud between December 1, 2023, and September 10, 2024 [1] Allegations - Defendants allegedly made false statements or concealed information regarding Rentokil's integration challenges with Terminix [2] - Rentokil experienced significant disruption and self-inflicted execution challenges during the early pilots of the Terminix integration [2] - The integration challenges jeopardized Rentokil's plan to integrate Terminix, and the two companies remained separate businesses [2] - Rentokil's failure to integrate Terminix negatively impacted its business and operations, particularly organic revenue growth in North America [2] - Defendants' positive statements about Rentokil's business, operations, and prospects were allegedly materially false and misleading [2] Next Steps for Investors - Investors who suffered losses in Rentokil during the relevant period have until January 27, 2025, to request to be appointed as lead plaintiff [3] - Participation in the lawsuit does not require serving as a lead plaintiff, and there are no out-of-pocket costs or fees for class members [3] About Levi & Korsinsky - Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders over the past 20 years [4] - The firm has a track record of winning high-stakes cases and ranks among the top securities litigation firms in the US [4] - Levi & Korsinsky has over 70 employees and extensive expertise in complex securities litigation [4]