Levi & Korsinsky Investigates Potential Securities Fraud by Rentokil Initial plc (RTO)
Rentokil Initial plc is under investigation for potential securities fraud, and investors are paying close attention. The company recently announced that it expects its full-year adjusted pretax profit to be around £700 million, down from £766 million the previous year. This decline is attributed to lower-than-expected sales in North America, the company’s largest market.
As a response to these challenges, Rentokil also mentioned plans to reduce its U.S. workforce to manage cost overruns. This news had a significant impact on Rentokil’s American depositary receipt (ADR) price, causing it to drop by over 21% on September 11, 2024.
For more detailed information on this investigation, interested parties can visit the Levi & Korsinsky website or contact Joseph E. Levi, Esq. directly via email or phone. Levi & Korsinsky has a solid reputation in the securities litigation field, with over 20 years of experience in helping shareholders secure their rights. With a dedicated team and a proven track record, they are well-equipped to handle complex securities cases.
It’s important for investors to stay informed about developments in this investigation and to seek appropriate guidance if needed. The team at Levi & Korsinsky is available to provide assistance and support during this process.
