Workflow
Rentokil Initial plc Class Action: The Gross Law Firm Reminds Rentokil Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of January 27, 2025 - RTO
RentokilRentokil(US:RTO) Prnewswire·2025-01-09 10:45

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].