{"id":787203,"date":"2023-09-29T18:01:31","date_gmt":"2023-09-29T22:01:31","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-rtx-corporation-rtx\/"},"modified":"2023-09-29T18:01:31","modified_gmt":"2023-09-29T22:01:31","slug":"gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-rtx-corporation-rtx","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-rtx-corporation-rtx\/","title":{"rendered":"Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against RTX Corporation (RTX)"},"content":{"rendered":"
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NEW YORK, Sept. 29, 2023 (GLOBE NEWSWIRE) — Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the District of Connecticut on behalf of all persons or entities who purchased or otherwise acquired RTX Corporation (\u201cRTX\u201d or the \u201cCompany\u201d) (NYSE: RTX) securities between February 8, 2021 and July 25, 2023, both dates inclusive (the \u201cClass Period\u201d), seeking to recover damages caused by Defendants\u2019 violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the \u201cExchange Act\u201d) and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.<\/p>\n

The Complaint alleges that Defendants failed to disclose that: (1) the GTF engines produced by Pratt & Whitney had been affected from at least 2015-2020 by a quality control issue; and (2) this quality control issue would require RTX to recall and reinspect many of its GTF airplanes, affecting customers, and harming its business. On July 25, 2023,Reuters<\/em>released an article entitled \u201cRTX shares tumble on Pratt & Whitney airliner engine problem.\u201d On this news, RTX\u2019s share price fell $9.91 per share, or 10.2%, to close at $87.10 on July 25, 2023.<\/p>\n

Investors who purchased or otherwise acquired shares of RTX should contact the Firm\u00a0prior to the October 2, 2023\u00a0<\/em><\/strong>lead plaintiff motion deadline. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to discuss your rights or interests regarding this class action, please contact Thomas J. McKenna, Esq. or Gregory M. Egleston, Esq. of Gainey McKenna & Egleston at (212) 983-1300, or via e-mail at\u00a0tjmckenna@gme-law.com<\/u><\/a>\u00a0or\u00a0gegleston@gme-law.com<\/u><\/a>.<\/p>\n

Please visit our website at\u00a0http:\/\/www.gme-law.com<\/u><\/a>\u00a0for more information about the firm.<\/p>\n<\/p>\n


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<\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, Sept. 29, 2023 (GLOBE NEWSWIRE) — Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the District of Connecticut on behalf of all persons or entities who purchased or otherwise acquired RTX Corporation (\u201cRTX\u201d or the \u201cCompany\u201d) (NYSE: RTX) securities between February 8, 2021 and July 25, 2023, both dates inclusive (the \u201cClass Period\u201d), seeking to recover damages caused by Defendants\u2019 violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the \u201cExchange Act\u201d) and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials. The Complaint alleges that Defendants failed … <\/p>\n

Continue reading “Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against RTX Corporation (RTX)”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-787203","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nGainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against RTX Corporation (RTX) - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-rtx-corporation-rtx\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against RTX Corporation (RTX) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Sept. 29, 2023 (GLOBE NEWSWIRE) — Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the District of Connecticut on behalf of all persons or entities who purchased or otherwise acquired RTX Corporation (\u201cRTX\u201d or the \u201cCompany\u201d) (NYSE: RTX) securities between February 8, 2021 and July 25, 2023, both dates inclusive (the \u201cClass Period\u201d), seeking to recover damages caused by Defendants\u2019 violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the \u201cExchange Act\u201d) and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials. 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