{"id":933760,"date":"2026-02-03T12:32:34","date_gmt":"2026-02-03T17:32:34","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-richtech-robotics-inc-rr\/"},"modified":"2026-02-03T12:32:34","modified_gmt":"2026-02-03T17:32:34","slug":"gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-richtech-robotics-inc-rr","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/gainey-mckenna-egleston-announces-a-class-action-lawsuit-has-been-filed-against-richtech-robotics-inc-rr\/","title":{"rendered":"Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Richtech Robotics Inc. (RR)"},"content":{"rendered":"
\n

NEW YORK, Feb. 03, 2026 (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 Nevada on behalf of all persons or entities who purchased or otherwise acquired Richtech Robotics Inc. (\u201cRichtech\u201d or the \u201cCompany\u201d) (NASDAQ: RR) securities between January 27, 2026 and 12:00 PM EST on January 29, 2026, inclusive (the \u201cClass Period\u201d).<\/p>\n

The Complaint alleges that Defendants misled investors: (i) the Company claimed that it had a collaborative and commercial relationship with Microsoft when it did not; and (ii) as a result, Defendants\u2019 statements about the Company\u2019s business, operations, and prospects, were materially false and misleading and\/or lacked a reasonable basis at all times.<\/p>\n

The Complaint further states that on January 29, 2026, at 12:00 PM EST, Hunterbrook Media (\u201cHunterbrook\u201d) published an article entitled \u201cBreaking: Microsoft Denies Partnership with Richtech Robotics\u201d (the \u201cHunterbrook Article\u201d). The Complaint also alleges that Hunterbrook Article stated initially that after \u201cRichtech [\u2026] stock added more than $370 million in market cap on the announcement of a \u201ccollaboration\u201d Tuesday, the company announced a dilutive fundraise the next morning. Microsoft tells [Hunterbrook] the engagement was a \u201cstandard\u201d customer program <\/em><\/strong>with \u201cno commercial element<\/em><\/strong>.\u201d Further, \u201c[t]his comes after Richtech missed its 10-K deadline, hampering its ability to raise money through at-the-market offerings.\u201d<\/p>\n

On this news, the Company stock fell $1.06 per share, or 20.87%, to close at $4.02 on January 29, 2026. The following day, the Company stock fell a further $0.44 per share, or 10.9%, to close at $3.58 on January 30, 2026.<\/p>\n

Investors who purchased or otherwise acquired shares of Richtech should contact the Firm prior to the April 3, 2026<\/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 tjmckenna@gme-law.com<\/u><\/a> or gegleston@gme-law.com<\/u><\/a>.<\/p>\n

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

\"\"
\n
\n \"\"\n <\/div>\n

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

NEW YORK, Feb. 03, 2026 (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 Nevada on behalf of all persons or entities who purchased or otherwise acquired Richtech Robotics Inc. (\u201cRichtech\u201d or the \u201cCompany\u201d) (NASDAQ: RR) securities between January 27, 2026 and 12:00 PM EST on January 29, 2026, inclusive (the \u201cClass Period\u201d). The Complaint alleges that Defendants misled investors: (i) the Company claimed that it had a collaborative and commercial relationship with Microsoft when it did not; and (ii) as a result, Defendants\u2019 statements about the Company\u2019s business, operations, and prospects, were materially false and misleading and\/or lacked a reasonable basis … <\/p>\n

Continue reading “Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Richtech Robotics Inc. (RR)”<\/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-933760","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nGainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Richtech Robotics Inc. 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