{"id":987460,"date":"2026-07-30T13:25:55","date_gmt":"2026-07-30T17:25:55","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/rxt-investors-have-opportunity-to-lead-rackspace-technology-inc-securities-fraud-lawsuit-with-sbs-law\/"},"modified":"2026-07-30T13:25:55","modified_gmt":"2026-07-30T17:25:55","slug":"rxt-investors-have-opportunity-to-lead-rackspace-technology-inc-securities-fraud-lawsuit-with-sbs-law","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/rxt-investors-have-opportunity-to-lead-rackspace-technology-inc-securities-fraud-lawsuit-with-sbs-law\/","title":{"rendered":"RXT Investors Have Opportunity to Lead Rackspace Technology, Inc. Securities Fraud Lawsuit with SBS Law"},"content":{"rendered":"

<\/p>\n

RXT Investors Have Opportunity to Lead Rackspace Technology, Inc. Securities Fraud Lawsuit with SBS Law <\/b><\/p>\n

LOS ANGELES–(BUSINESS WIRE<\/a>)–Schall, Brown & Schwartz LLP<\/a> (\u201cSBS\u201d), a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Rackspace Technology, Inc. (\u201cRackspace\u201d or \u201cthe Company\u201d) (NASDAQ: RXT<\/a>) for violations of \u00a7\u00a710(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.<\/p>\n

\nShareholders who purchased shares of RXT during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.<\/p>\n

CLASS PERIOD:<\/b> May 7, 2026 to July 8, 2026<\/p>\n

DEADLINE: <\/b>September 28, 2026<\/p>\n

\nIf you are a shareholder who suffered a loss, click here to participate<\/a>.<\/p>\n

CASE DETAILS: <\/b>According to the Complaint, the Company made false and misleading statements to the market. Rackspace\u2019s enterprise AI business caused it to move investment and capacity away from its profitable Private Cloud business. The Company\u2019s Private Cloud revenue declined as customers transitioned to hyperscale platforms. The Company\u2019s fiscal 2026 revenue would be significantly impacted by these market challenges. Based on these facts, the Company\u2019s public statements were false and materially misleading throughout the class period. When the market learned the truth about Rackspace, investors suffered damages.<\/p>\n

\nWe also encourage you to contact Brian Schall or David Schwartz of Schall, Brown & Schwartz LLP, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com<\/a>, or by email at david@schallfirm.com<\/a>.<\/p>\n

\nThe class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.<\/p>\n

Join the case<\/a> to recover your losses<\/p>\n

WHY SBS?<\/b> Schall, Brown & Schwartz LLP represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. Bringing together the extensive experience and diverse skillsets of founding partners Brian Schall, Andrew Brown, and David Schwartz, SBS is dedicated to aggressively advocating for every investor.<\/p>\n

\nThis press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260730216762\/en\/<\/a><\/span><\/p>\n

\nSchall, Brown & Schwartz LLP
\n
Brian Schall, Esq.,
\n
Andrew Brown, Esq.,
\n
David Schwartz, Esq.,
\n
www.schallfirm.com
\n<\/a>
Office: 310-301-3335
\n
info@schallfirm.com<\/a><\/p>\n

KEYWORDS:<\/b> California United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Class Action Lawsuit Professional Services Legal<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

RXT Investors Have Opportunity to Lead Rackspace Technology, Inc. Securities Fraud Lawsuit with SBS Law LOS ANGELES–(BUSINESS WIRE)–Schall, Brown & Schwartz LLP (\u201cSBS\u201d), a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Rackspace Technology, Inc. (\u201cRackspace\u201d or \u201cthe Company\u201d) (NASDAQ: RXT) for violations of \u00a7\u00a710(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Shareholders who purchased shares of RXT during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery. CLASS PERIOD: May 7, 2026 to July 8, 2026 DEADLINE: September 28, 2026 If you … <\/p>\n

Continue reading “RXT Investors Have Opportunity to Lead Rackspace Technology, Inc. Securities Fraud Lawsuit with SBS Law”<\/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-987460","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nRXT Investors Have Opportunity to Lead Rackspace Technology, Inc. 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(\u201cRackspace\u201d or \u201cthe Company\u201d) (NASDAQ: RXT) for violations of \u00a7\u00a710(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Shareholders who purchased shares of RXT during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery. CLASS PERIOD: May 7, 2026 to July 8, 2026 DEADLINE: September 28, 2026 If you … Continue reading "RXT Investors Have Opportunity to Lead Rackspace Technology, Inc. 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