Robbins LLP Files Class Action Against Rentokil Initial PLC (RTO) Over Failed Terminix Integration.
Robbins LLP has initiated a class action lawsuit on behalf of individuals and entities who acquired American Depository Shares (ADSs) of Rentokil Initial PLC (NYSE: RTO) between December 1, 2023, and September 10, 2024. Rentokil, a global leader in pest control, hygiene, and wellness services, is facing allegations of misleading investors regarding the integration of Terminix.
The complaint claims that Rentokil misrepresented its ability to successfully integrate Terminix, resulting in significant operational disruptions and poor revenue growth, particularly in North America. The issues came to light on September 11, 2024, when Rentokil issued a "Trading Update" revealing lowered expectations for organic revenue growth in North America. As a result, the company’s ADSs fell by over 21%, from $31.60 to $24.95.
Investors who purchased Rentokil ADSs during this period may qualify to participate in the class action. Shareholders interested in becoming the lead plaintiff must submit their application by January 27, 2025. Contact attorney Aaron Dumas, Jr. for more information, or call (800) 350-6003 for assistance. Participation in the case is optional and does not affect eligibility for compensation.
For more details on how to get involved, please click here.
Robbins LLP is a leading national law firm specializing in securities, shareholder rights, and complex litigation. With a focus on protecting the interests of investors, the firm represents clients in securities fraud, shareholder derivative actions, and other corporate governance matters. Robbins LLP has a proven track record of securing significant settlements and judgments for its clients. The firm's experienced attorneys are committed to holding companies accountable and ensuring fair treatment for investors.
Rentokil Initial PLC is a leading global provider of pest control, hygiene, and wellness services. Founded in 1925 and headquartered in the UK, the company operates across more than 80 countries, delivering services to both residential and commercial customers. Its services include pest management, washroom hygiene, air care, and floor care, with a strong focus on sustainability and innovation. Rentokil is recognized for its expertise in controlling pests and maintaining hygienic environments. The company also offers wellness services to improve workplace environments. Rentokil's strong portfolio includes well-known brands like Rentokil Pest Control, Terminix, and Initial Hygiene.
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