$RXT Shareholder Reminder: Rackspace Investors Have Until September 28 to Act in Securities Fraud Class Action Over AI Effort Issues
Bleichmar Fonti & Auld LLP announced a class action lawsuit against Rackspace Technology, alleging securities fraud related to misleading statements about its AI efforts and a partnership with AMD. The complaint follows a 33.6% stock drop on July 9, 2026, after the company revealed a $150 million cut to its full-year revenue guidance due to resource re-prioritization.
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