RXT Class Alert: Rackspace Technology Securities Fraud Class Action to Recover Losses is Pending – Investors Notified to Contact BFA Law before September 28 Court Deadline
Plaintiff law firm Bleichmar Fonti & Auld LLP announced that a securities fraud class action is pending against Rackspace Technology (NASDAQ: RXT) in the U.S. District Court for the Southern District of New York, captioned Morgan-Reed v. Rackspace Technology, Inc., No. 26-cv-6491.
Key figures
- Case number
- No. 26-cv-6491
- Stock drop to
- 4.37
- Stock drop pct
- 33.6%
- Stock drop date
- July 9, 2026
- Stock drop from
- 6.58
- Stock drop per share
- -$2.21
- Lead plaintiff deadline
- September 28, 2026
- Guidance cut fy2026 revenue
- $150 million
- Guidance cut private cloud outlook
- $25 million
AI analysis
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