An investor, who purchased shares of Reckitt Benckiser Group plc (OTC: RBGLY), filed a lawsuit over alleged violations of Federal Securities Laws by Reckitt Benckiser Group plc in connection with certain allegedly false and misleading statements.
Investors who purchased shares of Reckitt Benckiser Group plc (OTC: RBGLY) have certain options and for certain investors are short and strict deadlines running. Deadline: September 13, 2019. OTC: RBGLY investors should contact the Shareholders Foundation at [email protected] or call +1(858) 779 – 1554.
According to the complaint the plaintiff alleges on behalf of purchasers of Reckitt Benckiser Group plc (OTC: RBGLY) common shares between July 28, 2014 and April 9, 2019, that the defendants violated Federal Securities Laws.
More specifically, the plaintiff claims that between July 28, 2014 and April 9, 2019, the 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.
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. Suboxone Film had similar active ingredients to Suboxone Tablets, however it was dispensed in a thin film placed under the tongue and stored in single-use foil wrappings. Executives planned to create a marketing campaign that touted the purported safety benefits of Suboxone Film over Suboxone Tablets in order to prevent generic competition. Key to this campaign was fabricating safety concerns with existing treatments in order to delay the entry and approval of generics for Suboxone Tablets. Defendants’ scheme to fraudulently inflate sales of Suboxone Film was a success. Between 2010 and 2014, the Company’s revenues from sales of the drug increased ten-fold to over $840 million annually.
Those who purchased shares of Reckitt Benckiser Group plc (OTC: RBGLY) have certain options and should contact the Shareholders Foundation.
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