Rentokil(US:RTO) Prnewswire·2024-12-05 10:45Core 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 and Issues - The complaint alleges that during the class period from December 1, 2023, to September 10, 2024, Rentokil made materially false and misleading statements about its business operations [2]. - Specific allegations include disruptions in the early pilots of the Terminix integration, ongoing execution challenges, and the failure to integrate Terminix, which negatively impacted organic revenue growth in North America [2]. - The lawsuit claims that Rentokil's positive statements about its business lacked a reasonable basis and were misleading [2]. 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 for lead plaintiff applications set for January 27, 2025 [3]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's progress [3]. - Participation in the case incurs no cost or obligation for the shareholders [3]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and illegal business practices [4]. - The firm aims to ensure companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [4].