{"id":987743,"date":"2026-07-31T03:09:15","date_gmt":"2026-07-31T07:09:15","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/rxt-investors-have-opportunity-to-lead-rackspace-technology-inc-securities-fraud-lawsuit-with-sbs-law-2\/"},"modified":"2026-07-31T03:09:15","modified_gmt":"2026-07-31T07:09:15","slug":"rxt-investors-have-opportunity-to-lead-rackspace-technology-inc-securities-fraud-lawsuit-with-sbs-law-2","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-2\/","title":{"rendered":"RXT Investors Have Opportunity to Lead Rackspace Technology, Inc. Securities Fraud Lawsuit with SBS Law"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n LOS ANGELES<\/span>, July 30, 2026<\/span> \/PRNewswire\/ — Schall, Brown & Schwartz LLP<\/a>\u00a0(“SBS”), a national shareholder rights litigation firm, reminds investors of a class action lawsuit against\u00a0Rackspace Technology, Inc. (“Rackspace” or “the Company”) (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

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.<\/p>\n

\n CLASS PERIOD:<\/b>\u00a0May 7, 2026 to July 8, 2026<\/p>\n

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

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

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

We 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\u00a0www.schallfirm.com<\/a>, or by email at\u00a0david@schallfirm.com<\/a>.<\/p>\n

The 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

\n Join the case<\/a>\u00a0to recover your losses<\/p>\n

\n WHY SBS?<\/b>\u00a0Schall, 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

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n

\n CONTACT:<\/b>\n <\/p>\n

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

\n \"Cision\" View original content:https:\/\/www.prnewswire.com\/news-releases\/rxt-investors-have-opportunity-to-lead-rackspace-technology-inc-securities-fraud-lawsuit-with-sbs-law-302839649.html<\/a><\/p>\n

SOURCE Schall, Brown & Schwartz LLP<\/p>\n<\/p><\/div>\n

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

PR Newswire LOS ANGELES, July 30, 2026 \/PRNewswire\/ — Schall, Brown & Schwartz LLP\u00a0(“SBS”), a national shareholder rights litigation firm, reminds investors of a class action lawsuit against\u00a0Rackspace Technology, Inc. (“Rackspace” or “the Company”) (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:\u00a0May 7, 2026 to July 8, 2026 DEADLINE: September 28, 2026 If you are a shareholder who suffered a loss, click here to participate. … <\/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-987743","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nRXT Investors Have Opportunity to Lead Rackspace Technology, Inc. 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(“Rackspace” or “the Company”) (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:\u00a0May 7, 2026 to July 8, 2026 DEADLINE: September 28, 2026 If you are a shareholder who suffered a loss, click here to participate. … Continue reading "RXT Investors Have Opportunity to Lead Rackspace Technology, Inc. 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