Try our Advanced Search for more refined results

Peneycad v. RTX Corporation et al

  1. September 15, 2025

    RTX Beats Investor Suit Over Engine 'Microcrack' Claims

    Aerospace and defense company RTX Corp. escaped a proposed investor class action alleging it concealed a known defect affecting a subsidiary's aircraft engines after a Connecticut federal judge found the complaint didn't show the alleged misrepresentations were known to be false, or even just false, when they were made.

  2. September 24, 2024

    RTX Denies Securities Fraud In Engine Crack Class Action

    RTX Corp. faced significant challenges and spent billions of dollars after a subsidiary's jet engines developed "microcracks," but it did not commit securities fraud by lying or withholding relevant information from investors, the aerospace giant said in seeking dismissal of a class action from Connecticut federal court.

  3. April 11, 2024

    3 Firms Vie To Lead RTX Stockholder Suit Over Engine Cracks

    Saxena White PA and Labaton Keller Sucharow LLP on Thursday sought appointments as co-lead counsel in pension fund lawsuits alleging RTX Corp.'s stock fell when it revealed that cracks in a subsidiary's jet engines cost billions to repair, with Kaplan Fox & Kilsheimer LLP also seeking to lead the case for an individual investor.

  4. October 30, 2023

    More Shareholders Sue RTX Leaders Over Jet Engine Issues

    As derivative litigation against RTX Corp. stacks up in at least two jurisdictions, another shareholder has accused company leaders of misstating the company's financial position and causing two stock slips when problems with Pratt & Whitney's geared turbofan engines required corrective repairs by the company.