NEW YORK – (NewMediaWire) – January 3, 2025 – Kaplan Fox & Kilsheimer LLP announces the filing of a class action lawsuit against it Initial rentokil (LON:) plc (Rentokil or the Company) (NYSE: RTO) on behalf of investors who purchased Rentokil American Depositary Shares (ADS) between December 1, 2023 and September 10, 2024 (the Class Period).
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If you are an investor in Rentokil ADSs and have suffered losses, you can click here to contact us. You can also contact Kaplan Fox by email at pmayer@kaplanfox.com or by calling (646) 315-9003.
DEADLINE REMINDER: If you are a member of the proposed class, you may move the court no later than January 27, 2025 to serve as lead plaintiff for the purported class. If you have losses, we encourage you to contact us to learn more about the lead plaintiff process.
Prior to the Class Period, on October 12, 2022, Rentokil announced the completion of its acquisition of Terminix Global Holdings, Inc. (Terminix), making Terminix part of Rentokils' North American pest control business.
According to the complaint, on September 11, 2024, before markets opened, Rentokil provided an unscheduled business update, which announced that the company now expects organic growth of just 1% in North America for the second half of 2024, well below the company's expectations. Advance directive.
On this news, Rentokil's ADS price fell $6.65 per share, more than 21%, to close at $24.95 per ADS on September 11, 2024.
The complaint alleges, among other things, that Defendants made materially false and misleading statements and failed to disclose to investors that Rentokil throughout the Class Period experienced significant and self-perpetuating disruption and implementation challenges in the integration of Terminix, which adversely affected the Company's business operations, particularly the growth The company's organic revenue in North America.
WHY CONTACT KAPLAN FOX – Kaplan FOX is a leading national law firm focused on complex litigation with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. With more than 50 years of experience in securities matters, Kaplan Fox provides the professional expertise and track record that clients demand. Prosecuting cases at the federal and state levels, Kaplan Fox has successfully shaped the law by winning many important decisions on behalf of our clients. For more information about Kaplan Fox & Kilsheimer LLP, you can visit our website at www.kaplanfox.com.
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If you have any questions about this Notice or your rights or interests, please contact:
communication:
Pamela A. Mayer
Kaplan Fox & Kilsheimer LLP
800 Third Avenue, 38th floor
New York, NY 10022
(646) 315-9003
pmayer@kaplanfox.com
Lawrence D. King
Kaplan Fox & Kilsheimer LLP
1999 Harrison Street, Suite 1560
Oakland, CA 94612
(415) 772-4704
lking@kaplanfox.com
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