{"id":49139,"date":"2026-08-06T19:02:50","date_gmt":"2026-08-06T19:02:50","guid":{"rendered":"https:\/\/allonlinebanglanewspapers.com\/news\/rosen-recognized-investor-counsel-encourages-rackspace-technology-inc-investors-to-secure-counsel-before-important-deadline-in-securities-class-action-rxt\/"},"modified":"2026-08-06T19:02:50","modified_gmt":"2026-08-06T19:02:50","slug":"rosen-recognized-investor-counsel-encourages-rackspace-technology-inc-investors-to-secure-counsel-before-important-deadline-in-securities-class-action-rxt","status":"publish","type":"post","link":"https:\/\/allonlinebanglanewspapers.com\/news\/rosen-recognized-investor-counsel-encourages-rackspace-technology-inc-investors-to-secure-counsel-before-important-deadline-in-securities-class-action-rxt\/","title":{"rendered":"ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages Rackspace Technology, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action \u2013 RXT"},"content":{"rendered":"
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NEW YORK, Aug. 06, 2026 (GLOBE NEWSWIRE) — <\/p>\n

WHY:<\/strong> Rosen Law Firm, a global investor rights law firm, announces a class action lawsuit on behalf of purchasers of securities of Rackspace Technology, Inc. (NASDAQ: RXT) between May 7, 2026 and July 8, 2026 inclusive (the \u201cClass Period\u201d). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court\u00a0no later than September 28, 2026.<\/strong><\/p>\n

SO WHAT:<\/strong> If you purchased Rackspace securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.<\/p>\n

WHAT TO DO NEXT:<\/strong> To join the Rackspace class action, go to\u00a0\u00a0\u00a0 https:\/\/rosenlegal.com\/cases\/rackspace-technology-inc\/join<\/a> or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com<\/a> for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 28, 2026<\/strong>. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.<\/p>\n

WHY ROSEN LAW: <\/strong>We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs\u2019 Bar. Many of the firm\u2019s attorneys have been recognized by Lawdragon and Super Lawyers.<\/p>\n

DETAILS OF THE CASE:<\/strong> According to the lawsuit, defendants made false and\/or misleading statements and\/or failed to disclose that: (1) Rackspace’s enterprise AI efforts would require Rackspace to significantly re-prioritize its capacity and capital away from the profitable Private Cloud segment; (2) Rackspace’s Public Cloud revenue was declining as customers contracted directly with hyperscale cloud platforms; (3) as a result, Rackspace was likely to significantly reduce a material portion of its Public Cloud infrastructure resale business; (4) as a result, Rackspace’s fiscal year 2026 revenue would be significantly impacted; and (5) as a result of the foregoing, defendants’ public statements about Rackspace’s business, operations, and prospects were materially misleading and\/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.<\/p>\n

To join the Rackspace class action, go to https:\/\/rosenlegal.com\/cases\/rackspace-technology-inc\/join<\/a> or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com<\/a> for information on the class action.<\/p>\n

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor\u2019s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.<\/p>\n

Follow us for updates on LinkedIn: https:\/\/www.linkedin.com\/company\/the-rosen-law-firm<\/a>, on Twitter: https:\/\/twitter.com\/rosen_firm<\/a> or on Facebook: https:\/\/www.facebook.com\/rosenlawfirm\/<\/a>.<\/p>\n

Attorney Advertising. Prior results do not guarantee a similar outcome.<\/p>\n

——————————-<\/p>\n

Contact Information:<\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Laurence Rosen, Esq.
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Phillip Kim, Esq.
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0The Rosen Law Firm, P.A.
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0275 Madison Avenue, 40th Floor
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0New York, NY 10016
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Tel: (212) 686-1060
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Toll Free: (866) 767-3653
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Fax: (212) 202-3827
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0case@rosenlegal.com<\/a>
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0www.rosenlegal.com<\/a><\/p>\n

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