Portnoy Law Firm Announces Class Action on Behalf of Rackspace Technology, Inc. Investors
The Portnoy Law Firm announced a class action lawsuit on behalf of Rackspace Technology investors who purchased securities between May 7, 2026, and July 8, 2026. The complaint alleges that Rackspace made misleading statements regarding its AI transition, specifically that it required re-prioritizing resources away from profitable segments and reduced full-year 2026 revenue guidance by $150 million.
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