Rentokil(US:RTO) GlobeNewswire News Room·2024-12-11 17:48Core 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 the company's operations and prospects are claimed to be materially false and misleading due to the aforementioned issues [2]. Group 2: Next Steps for Affected 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 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 a leading securities litigation firm in the United States [4].