Investigation Overview
An investigation on behalf of investors of Reckitt Benckiser Group plc (RBGPF, RBGLY) shares over potential securities laws violations by Reckitt Benckiser Group plc and certain of its directors and officers in connection with certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Reckitt Benckiser Group plc (RBGPF, RBGLY) concerning whether a series of statements by Reckitt Benckiser Group plc (RBGPF, RBGLY regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
London based Reckitt Benckiser Group plc manufactures, markets, and sells health, hygiene, and home products.
Reckitt Benckiser Group plc reported that its annual Total Revenue rose from over 11.44 billion GBP in 2017 to over 12.59 billion GBP in 2018 and that its Net Income declined from over 6.17 billion GBP in 2017 to over 2.16 billion GBP in 2018.
Shares of Reckitt Benckiser Group plc (RBGPF) declined from $105.39 per share in July 2017 to as low as $72.90 per share in early 2019 and RBGLY shares declined from $21.79 per share in early 2018 to as low as $14.64 per share in early 2019.