NEW ORLEANS, Sept. 26, 2023 (GLOBE NEWSWIRE) -- ClaimsFiler, a FREE shareholder information service, reminds 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.
RTX investors should visit us at https://claimsfiler.com/cases/nyse-rtx/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.
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.
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