Kuznicki Law PLLC notifies investors that a class action has commenced in the United States District Court for the District of Connecticut on behalf of shareholders of RTX Corporation f/k/a Raytheon Technologies Corporation who purchased shares between February 8, 2021 and July 25, 2023.
RTX and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
The alleged false and misleading statements and omissions include, but are not limited to, that: (i) the Company’s Geared Turbofan (GTF) engine that powers hundreds of aircraft across many airlines had been affected by a quality control issue from at least 2015-2020; (ii) the quality control issue would require the Company to recall and reinspect many of its GTF airplanes, affecting customers and harming its business; and (iii) as a result, RTX’s statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the respective securities during the class periods. Members of the class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. No class has yet been certified in the above action. Appointment as Lead Plaintiff is not required to partake in any recovery.
Shareholders have until October 2, 2023 to request that the court appoint them lead plaintiff.