NEW ORLEANS, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until October 2, 2023 to file lead plaintiff applications in a securities class action lawsuit against RTX Corporation f/k/a Raytheon Technologies Corporation (NYSE: RTX), if they purchased the Company’s securities between February 8, 2021 and July 25, 2023, inclusive (the “Class Period”). This action is pending in the United States District Court for the District of Connecticut.
What You May Do
If you purchased securities of RTX and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nyse-rtx/ to learn more. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by October 2, 2023.
About the Lawsuit
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.
The case is Peneycad v. RTX Corporation f/k/a Raytheon Technologies Corporation, et al., No. 23-cv-01035.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, money managers and retail investors – in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, California, Louisiana and New Jersey.
To learn more about KSF, you may visit http://ksfcounsel.com/.
Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
1100 Poydras St., Suite 960
New Orleans, LA 70163
