RENTOKIL SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Rentokil Initial plc - RTO
StockNews.AI • 429 days
High Materiality9/10
Information
Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until...
Original sourceAI Summary
Investors can file lead plaintiff applications by January 27, 2025. Rentokil faces a class action lawsuit for failing to disclose material information. Company expected only 1% revenue growth, well below prior guidance. Rentokil's shares fell over 21% following an unfavorable trading update.
Sentiment Rationale
The lawsuit and poor growth outlook indicate potential further declines in RTO's stock price.
Trading Thesis
Immediate investor concerns may cause RTO's stock to be volatile in the short term.
Market-Moving
- Investors can file lead plaintiff applications by January 27, 2025.
- Rentokil faces a class action lawsuit for failing to disclose material information.
- Company expected only 1% revenue growth, well below prior guidance.
Key Facts
- Investors can file lead plaintiff applications by January 27, 2025.
- Rentokil faces a class action lawsuit for failing to disclose material information.
- Company expected only 1% revenue growth, well below prior guidance.
- Rentokil's shares fell over 21% following an unfavorable trading update.
Companies Mentioned
- RTO (RTO)
Legal
The class action lawsuit and significant stock drop directly impact investor sentiment toward RTO.