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RTX Investors: October 2, 2023 Filing Deadline in Securities Class Action – Contact Lieff Cabraser

Published: 2023-08-28 17:36:00 ET

SAN FRANCISCO--(BUSINESS WIRE)-- National plaintiffs law firm Lieff Cabraser Heimann & Bernstein, LLP encourages investors in RTX Corporation f/k/a Raytheon Technologies Corporation (“RTX” or the “Company”) who suffered losses from purchasing or otherwise acquiring RTX securities (NYSE: RTX) between February 8, 2021 and July 25, 2023 to contact us immediately regarding a pending securities fraud class action against RTX. The deadline to apply to be lead plaintiff is October 2, 2023.

Class Period: February 8, 2021 – July 25, 2023

Lead Plaintiff Motion Deadline:October 2, 2023

Case information:lieffcabraser.com/securities/rtx

Contact us: Email or textinvestorinfo@lchb.com or call 1-800-541-7358

RTX is an aerospace and defense company which owns Pratt & Whitney, a producer of aircraft engines, including the PW1000G Turbofan (“GTF”) engine family.

The action alleges that Defendants made false and/or misleading statements and/or failed to disclose that: (a) the GTF engine family experienced a quality control issue from 2015-2020; and (b) this issue would result in recalls and reinspections of many airplanes equipped with GTF engines.

On July 25, 2023, RTX issued a press release stating that Pratt & Whitney discovered a condition in the powdered metal used to manufacture GTF engines, which will require accelerated removals and inspections of the engine family. On this news, RTX’s share price fell $9.91 per share, or 10.2% from the previous closing price of $97.01 on July 24, 2023, to close at $87.10 per share on July 25, 2023 on elevated trading volume.

About Lieff Cabraser

Lieff Cabraser Heimann & Bernstein, LLP, with over 120 attorneys in offices in San Francisco, New York, Nashville, and Munich, Germany, is an internationally-recognized law firm committed to advancing the rights of investors and promoting corporate responsibility. Recognized as a “Plaintiffs’ Powerhouse” by Law360, Lieff Cabraser has litigated some of the most important civil cases in the United States, and has assisted clients in recovering over $129 billion in verdicts and settlements. For over 50 years, Lieff Cabraser has remained committed to ensuring access to justice for all.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230828242589/en/

Sharon Lee Lieff Cabraser Heimann & Bernstein, LLP 415 956-1000 slee@lchb.com

Source: Lieff Cabraser Heimann & Bernstein, LLP

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All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.