Rentokil Initial PLC

Registration Deadline:

01/27/2025

Submit Your Information

A securities class action has been filed in the USDC — W.D.TN. against Rentokil Initial PLC (RTO) (“Rentokil” or the “Company”), on behalf of all those that purchased or otherwise acquired Rentokil American Depositary Shares (“ADSs”), between December 1, 2023 and September 10, 2024, both dates inclusive (the “Class Period”).

 

Based in Crawley, England, Rentokil provides pest control, hygiene, and wellness services worldwide. The Company’s three main business lines are Pest Control, Hygiene & Wellbeing, and France Workwear. Rentokil is the largest global pest control services provider. North America Pest Control accounts for more than half of the Company’s annual revenue.

 

The complaint alleges Defendants failed to disclose that:

 

(1) Rentokil experienced levels of disruption in the early pilots of the Terminix integration;

(2) Rentokil experienced significant, ongoing, self-inflicted execution challenges integrating Terminix;

(3) the disruption and execution challenges imperiled Rentokil’s integration plan for Terminix;

(4) Rentokil and Terminix were still two separate businesses that were not yet integrated;

5) Rentokil’s failure to integrate Terminix negatively impacted the Company’s business and operations, particularly organic revenue growth in North America; and

(6) as a result of the above, Defendants’ positive statements about the Company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times, thereby harming investors..

 

If you purchased Rentokil American Depositary Shares during the class period and would like to receive more information or join the action, please enter your contact information below for a FREE consultation and click “Submit Your Information.”

 

About Lowey Dannenberg

Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors.

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