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Rackspace Technology, Inc. (RXT) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit

$RXTPress releaseAug 18, 2026, 3:00 PM ETRead the release

The Law Offices of Howard G. Smith announced a class action lawsuit against Rackspace Technology, alleging securities fraud related to statements made between May and July 2026. Investors have until September 28, 2026, to petition the court for lead plaintiff status; the lawsuit claims the company misled investors about its AI strategy and cloud revenue trends.

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