RTX Corporation f/k/a Raytheon Technologies Corporation

Case Details

Class Period: February 8, 2021 - July 25, 2023
Date Filed: August 03, 2023
Case Number: 3:23-cv-01035
Jurisdiction: District of Connecticut
icon-casetype Case Type: Securities Case

Case Summary

According to the Complaint, Defendants, throughout the class period, made false and/or misleading statements and/or failed to disclose, among other things, 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 engines, 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. When the true details entered the market, the lawsuit claims that investors suffered damages.