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RXT Investors Have Opportunity to Lead Rackspace Technology, Inc. Securities Fraud Lawsuit with SBS Law
GlobeNewswire Inc.·
Schall, Brown & Schwartz LLP announced a class action securities fraud lawsuit against Rackspace Technology, Inc. (NASDAQ: RXT) for violations of the Securities Exchange Act. The lawsuit alleges the company made false and misleading statements regarding its enterprise AI business, which diverted investment from its profitable Private Cloud business, causing revenue decline. The class period spans May 7, 2026 to July 8, 2026, with a September 28, 2026 deadline for investors to participate.
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