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Case Status:    ONGOING    
On or around 01/17/2020 (Date of last review)

Filing Date: July 15, 2019

According to the Complaint, Reckitt Benckiser Group plc is a consumer goods and health conglomerate.

The Complaint alleges that before and during the Class Period, Reckitt and its most senior executives perpetrated a scheme, which generated over $3 billion in proceeds, to facilitate opiate abuse among U.S. consumers and mislead investors and the public regarding the health and safety risks of Reckitt’s new key opiate product, Suboxone Film. Specifically, the Complaint alleges that in order to maintain and grow profits, senior executives at Reckitt devised a plan to switch prescribers from Suboxone Tablets to the Company’s new proprietary treatment, Suboxone Film and that as a result of Defendants’ false and misleading statements and/or omissions regarding the scheme to inflate sales of Suboxone Film during the Class Period, Reckitt ADSs traded at artificially inflated prices.

On September 26, 2019, the Court issued an Order appointing Lead Plaintiff and Counsel. Lead Plaintiff filed an amended Complaint on January 16, 2020.

COMPANY INFORMATION:

Sector: Consumer Non-Cyclical
Industry: Personal & Household Products
Headquarters: United Kingdom

SECURITIES INFORMATION:

Ticker Symbol: RBGLY
Company Market: OTC-BB
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: D. New Jersey
DOCKET #: 19-CV-15382
JUDGE: Hon. Brian R. Martinotti
DATE FILED: 07/15/2019
CLASS PERIOD START: 07/28/2014
CLASS PERIOD END: 04/09/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Robbins Geller Rudman & Dowd LLP (San Diego)
  2. Seeger Weiss LLP (New York)
  3. VanOverbeke Michaud & Timmony, P.C.
No Document Title Filing Date
COURT: D. New Jersey
DOCKET #: 19-CV-15382
JUDGE: Hon. Brian R. Martinotti
DATE FILED: 01/16/2020
CLASS PERIOD START: 07/28/2014
CLASS PERIOD END: 04/09/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. AsherKelly
    25800 Northwestern Highway, Suite 1100, AsherKelly, MI 48075
    248.746.2710 ·
  2. Robbins Geller Rudman & Dowd LLP (Melville)
    58 South Service Road, Suite 200, Robbins Geller Rudman & Dowd LLP (Melville), NY 11747
    631.367.7100 631.367.1173 ·
  3. Seeger Weiss LLP (NJ)
    55 Challenger Road, 6th Floor, Seeger Weiss LLP (NJ), NJ 07660
    212.584.0700 ·
  4. VanOverbeke Michaud & Timmony, P.C.
    79 Alfred Street, VanOverbeke Michaud & Timmony, P.C., MI 48201
    313.578.1200 313.578.1200 ·
No Document Title Filing Date
—Related District Court Filings Data is not available