Sign In
Step 1
Unite with Fellow Investors
Step 2
Choose the Best Attorney
Step 3
Provide Documents
Step 4
Follow Case Progress
Step 5
Get Payout
RTX.US
id: 796

RTX Corporation (RTX) Quality Control Case

D. Connecticut
Court
3:23-cv-01035
Case number
08 Feb 2021
Class period Start
25 Jul 2023
Class period End
02 Oct 2023
Lead Plaintiff motion deadline
  • Reuters released an article about RTX over Pratt & Whitney airliner engine problem.
  • $RTX fell 10.2%, losing $14.4 billion of its market cap.
  • Investors suspect RTX failed to disclose GTF engines had been affected by quality control issues, affecting customers and harming its business.
On July 25, 2023, Reuters released an article entitled “RTX shares tumble on Pratt & Whitney airliner engine problem.

On this news, $RTX fell 10.2%, losing $14.4 billion of its market cap.

Investors have reasons to suspect RTX & Accountables of negligence and failing to disclose GTF engines had been affected by quality control issues, and would require RTX to recall & reinspect many of its GTF engines, affecting customers and harming its business.
Case Status
Lead Plaintiff Appointed
Alleged Offence
Misleading Statements
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
25 July 2023
Filing date
03 August 2023
Lead Plaintiff Deadline
02 October 2023
Judge
Hon. Jeffrey A. Meyer
Collecting participants…

Raytheon Technologies Corp

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through...

    Ticker
    RTX.US
    ISIN
    US75513E1010
    CIK
    101829
    Sector
    Industrials
    Industry
    Aerospace & Defense
    Country
    USA
    Address
    1000 Wilson Boulevard, Arlington, VA, United States, 22209