RXT ALERT: Securities Fraud Class Action Launched Against Rackspace Technology, Inc. - September 28, 2026 Deadline
Levi & Korsinsky, LLP announced that a securities class action lawsuit has been filed against Rackspace Technology, Inc. on behalf of investors who purchased securities during a specific period. The complaint alleges that the company made false statements regarding its enterprise AI efforts, failing to disclose the diversion of capital away from profitable Private Cloud segments and declining public cloud revenue.
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