The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of RTX Corporation f/k/a Raytheon Technologies Corporation (NYSE: RTX) who purchased securities between February 8, 2021 and July 25, 2023. The action, which was filed in the United States District Court for the District of Connecticut, alleges that the Company violated federal securities laws.
In particular, the RTX lawsuit alleges that (1) the GTF engines had been affected from at least 2015-2020 by a quality control issue; (2) this quality control issue would require RTX to recall and reinspect many of its GTF airplanes, affecting customers and harming its business; and (3) as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
Shareholders have until October 2, 2023 to petition the court for lead plaintiff status. Your ability to share in any recovery does not require that you serve as lead plaintiff. You may choose to be an absent class member.
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