Reckitt Benckiser Share Discussion Threads

[justiceforthemany] 15/3/2024 16:12

There were no shorts listed either, although I suspect the vultures have dived in.

[justiceforthemany] 15/3/2024 16:10

Well Abbott faces similar claims, and it is American. See what happens.
Market has lopped £10 billion off today just for this one award.

[scepticalinvestor] 15/3/2024 16:09

Bght at at 4210pAlready nicely up

[louis brandeis] 15/3/2024 16:08

justice

No, despite my alias name, I do not have a background in law, but I do read into it from time-to-time. I invest in tobacco and see these crazy awards given all the time. I also followed the BP case and the legal issues arising through insurance claims for Katrina. Call it a hobby. :)

[cynicalsteve] 15/3/2024 16:07

Never invest in UK listed companies that do a lot of business in America. The USA is a protectionist, xenophobic country. They took all our money during WW2 (and expect us to thank them for it!) and never miss a chance to repeat the trick, just ask BP investors.

[babbler] 15/3/2024 16:03

60m does seem mad tbh but who knows... Crazy amount.

[justiceforthemany] 15/3/2024 16:01

Do you have a background in law?
As a medic I can tell you there are multiple causes of NEC; the evidence is quite weak. This award is ridiculous, when most were expecting $10,000 to $200,000 max.

[louis brandeis] 15/3/2024 15:55

$60M for one case is because the US legal system allows punitive damages in addition to compensatory damages. Generally, in my experience, punitive damages tend to get watered down on appeal as the appellate courts work within a more robust legal mandate than the trial courts. Haven't been following this so not sure totally what is going on.

I bought a tranche regardless.

[justiceforthemany] 15/3/2024 15:53

RSI got down to 9!

[mansell59] 15/3/2024 15:51

Another BP in the making

[justiceforthemany] 15/3/2024 15:41

Buy back has had no effect today.
They should go all in today and quadruple the buy back amount to stabilise the share price
Rakesh sure left a mess!

[pippa pinkerton] 15/3/2024 15:38

Why do think that anyone is interested that you bought some shares

[tahmina1] 15/3/2024 15:32

in at £ 42 but only a small number

[philanderer] 15/3/2024 15:29

13 year low for the share price

[justiceforthemany] 15/3/2024 15:27

Need to use better lawyers!

[philanderer] 15/3/2024 15:25

...... analysts at Bloomberg Intelligence said Mead Johnson "may feel pressure to settle its hundreds of necrotizing enterocolitis (NEC) cases it still faces."



uk.investing.com

[pippa pinkerton] 15/3/2024 15:25

Some of the pension funds will be taking a big hit on this Pips

[essentialinvestor] 15/3/2024 15:24

* £60 million is one case. There are reportedly over 400 pending.

[sos100] 15/3/2024 15:21

most likely bounce a little once they mention $60m not bn!

[panache1] 15/3/2024 15:18

Crrrrrayzeee ! 20 per cent

[suetballs] 15/3/2024 15:18

The weekend press will have a field day.
Suet

[justiceforthemany] 15/3/2024 15:17

Simply astonishing drop for a company this size.
Market behaving as if hundreds of plaintiffs will be awarded $60M each