RXT ALERT: Securities Fraud Class Action Launched Against Rackspace Technology, Inc. - September 28, 2026 Deadline

Levi & Korsinsky, LLP announced that a securities fraud class action has been filed against Rackspace Technology, Inc. on behalf of investors who purchased RXT securities between May 7, 2026 and July 8, 2026. The complaint alleges defendants concealed that enterprise AI efforts would re-prioritize capacity and capital away from the profitable Private Cloud segment, while public cloud revenue declined as customers contracted directly with hyperscale cloud platforms.

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