{"id":50216,"date":"2026-08-03T23:15:00","date_gmt":"2026-08-03T21:15:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=69c1d8a16c3ed3d9e1e8bf01325dcd7d"},"modified":"2026-08-03T23:15:00","modified_gmt":"2026-08-03T21:15:00","slug":"rackspace-technology-inc-rxt-investors-september-28-2026-deadline-in-securities-fraud-class-action-lawsuit-contact-kessler-topaz-meltzer-check-llp","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=50216","title":{"rendered":"Rackspace Technology, Inc. (RXT) Investors: September 28, 2026, Deadline in Securities Fraud Class Action Lawsuit \u2013 Contact Kessler Topaz Meltzer &amp; Check, LLP"},"content":{"rendered":"<p>\n<b>Did you buy RXT securities between May 7, 2026 and July 8, 2026?<\/b><\/p><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260803017183\/en\/2866451\/5\/KTMC_Icon.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260803017183\/en\/2866451\/22\/KTMC_Icon.jpg\" \/><\/a><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260803017183\/en\/2866451\/5\/KTMC_Icon.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260803017183\/en\/2866451\/21\/KTMC_Icon.jpg\" \/><\/a><p>\n<b>Affected RXT Investor Summary<\/b><\/p><ul class=\"bwlistdisc\">\n<li>\n<b>Who:<\/b> Rackspace Technology, Inc. (<a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.benzinga.com%2Fquote%2FRXT&amp;esheet=54582437&amp;newsitemid=20260803017183&amp;lan=en-US&amp;anchor=NASDAQ%3A+RXT&amp;index=1&amp;md5=bc551e0b67b19d09872fabf3c41b4a04\" rel=\"nofollow\" shape=\"rect\">NASDAQ: RXT<\/a>)<\/li>\n<li>\n<b>What:<\/b> Securities fraud class action lawsuit filed<\/li>\n<li>\n<b>Class Period:<\/b> May 7, 2026 through July 8, 2026<\/li>\n<li>\n<b>Deadline to Seek Lead Plaintiff Status:<\/b> September 28, 2026<\/li>\n<li>\n<b>Key Lawsuit Allegations:<\/b> Material misstatements and\/or omissions concerning the company\u2019s enterprise AI efforts.<\/li>\n<li>\n<b>Investor Action: <\/b>Contact <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.ktmc.com%2Frxt-rackspace-technology-inc-class-action-lawsuit%3Futm_source%3DBusinesswire%26utm_medium%3Dpressrelease%26utm_campaign%3Drxt%26mktm%3DPR&amp;esheet=54582437&amp;newsitemid=20260803017183&amp;lan=en-US&amp;anchor=Kessler+Topaz+Meltzer+%26amp%3B+Check%2C+LLP+%28www.ktmc.com&amp;index=2&amp;md5=a786e14f31f46dac7cfd7b6d86c4344e\" rel=\"nofollow\" shape=\"rect\">Kessler Topaz Meltzer &amp; Check, LLP (www.ktmc.com<\/a>) for recovery options<\/li>\n<\/ul><p>RADNOR, Pa.--(BUSINESS WIRE)--<a href=\"https:\/\/twitter.com\/hashtag\/classaction?src=hash\" >#classaction<\/a>--<a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.ktmc.com&amp;esheet=54582437&amp;newsitemid=20260803017183&amp;lan=en-US&amp;anchor=Kessler+Topaz+Meltzer+%26amp%3B+Check%2C+LLP+%28www.ktmc.com%29&amp;index=3&amp;md5=9c126ee2635f06a1950a7073850a4327\" rel=\"nofollow\" shape=\"rect\">Kessler Topaz Meltzer &amp; Check, LLP (www.ktmc.com)<\/a>, a nationally recognized securities litigation law firm, informs investors that a securities fraud class action lawsuit has been filed against Rackspace Technology, Inc. (Rackspace) (NASDAQ: RXT) on behalf of those who purchased or acquired Rackspace securities between May 7, 2026 and July 8, 2026, inclusive. The lawsuit is filed in the United States District Court for the Southern District of New York and is captioned <i>Morgan-Reed v. Rackspace Technology, Inc.<\/i>, No. 1:26-cv-06491 (S.D.N.Y.). <b>Investors have until September 28, 2026, to file for lead plaintiff status.<\/b><\/p><p>\n<b><span class=\"bwuline\">CONTACT KTMC TO DISCUSS YOUR LEGAL RIGHTS:<\/span><\/b><\/p><p>\nIf you purchased or acquired Rackspace securities and have lost money on your investment, please provide your information here: <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.ktmc.com%2Frxt-rackspace-technology-inc-class-action-lawsuit%3Futm_source%3DBusinesswire%26utm_medium%3Dpressrelease%26utm_campaign%3Drxt%26mktm%3DPR&amp;esheet=54582437&amp;newsitemid=20260803017183&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.ktmc.com%2Frxt-rackspace-technology-inc-class-action-lawsuit%3Futm_source%3DBusinesswire%26amp%3Butm_medium%3Dpressrelease%26amp%3Butm_campaign%3Drxt%26amp%3Bmktm%3DPR&amp;index=4&amp;md5=77bf0eba141165b6ecb7522a365e807b\" rel=\"nofollow\" shape=\"rect\">https:\/\/www.ktmc.com\/rxt-rackspace-technology-inc-class-action-lawsuit?utm_source=Businesswire&amp;utm_medium=pressrelease&amp;utm_campaign=rxt&amp;mktm=PR<\/a><\/p><p>\n<b>You can also contact attorney <\/b><a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fktmc.com%2Fpeople%2Fjon-naji&amp;esheet=54582437&amp;newsitemid=20260803017183&amp;lan=en-US&amp;anchor=Jonathan+Naji%2C+Esq.&amp;index=5&amp;md5=a1bf2d85601569dd415ea807346c2f98\" rel=\"nofollow\" shape=\"rect\"><b>Jonathan Naji, Esq.<\/b><\/a><b> <\/b><b>by calling (484) 270-1453 or by email at <\/b><a  href=\"mailto:info@ktmc.com\" rel=\"nofollow\" shape=\"rect\"><b>info@ktmc.com<\/b><\/a><b>. <\/b>There is no cost or obligation to speak with an attorney.<\/p><p>\n<b><span class=\"bwuline\">RACKSPACE TECHNOLOGY, INC.<\/span><\/b><span class=\"bwuline\"> <b>CLASS ACTION LAWSUIT - COMPLAINT ALLEGATION SUMMARY:<\/b><\/span><\/p><p>\nThe complaint alleges that, throughout the Class Period, Defendants made materially false and\/or misleading statements, and\/or failed to disclose material adverse facts about the company\u2019s business, operations, and prospects. Specifically, Defendants misrepresented and\/or failed to disclose that: (1) Rackspace\u2019s enterprise AI efforts would require the company to significantly re-prioritize its capacity and capital away from the profitable Private Cloud segment; (2) Rackspace\u2019s 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) consequently, Rackspace\u2019s fiscal year 2026 revenue would be significantly impacted; and (5) as a result of the foregoing, Defendants\u2019 positive statements about the company\u2019s business, operations, and prospects were materially misleading and\/or lacked a reasonable basis.<\/p><p>\n<b>Why did Rackspace\u2019s Stock Drop?<\/b><\/p><p>\nOn July 9, 2026, before the market opened, Rackspace published its second quarter 2026 financial results and disclosed \u201ca strategic and financial update on its transition to becoming the operator of the full enterprise AI stack.\u201d Specifically, Rackspace revealed that its AI investments would require a significant re-prioritization of resources and, as a result, reduced its full year 2026 revenue guidance by $150 million. Rackspace also cut its full year 2026 Private Cloud revenue outlook by $25 million and explained that \u201c[l]ower near-term margins reflect upfront growth investment and restructuring, ahead of AI revenue ramping.\u201d<\/p><p>\nOn this news, Rackspace\u2019s stock price fell $2.21 per share, or 33.6%, to close at $4.37 per share on July 9, 2026.<\/p><p>\n<b><span class=\"bwuline\">WHAT RACKSPACE TECHNOLOGY, INC. INVESTORS CAN DO NOW:<\/span><\/b><\/p><ol class=\"bwlistdecimal\">\n<li>\nFile to be lead plaintiff by September 28, 2026.<\/li>\n<li>\nContact KTMC for a free case evaluation. All representation is on a contingency fee basis, there is no cost to you.<\/li>\n<li>\nRetain counsel of choice or take no action.<\/li>\n<\/ol><p>\n<b><span class=\"bwuline\">THE LEAD PLAINTIFF PROCESS FOR RACKSPACE TECHNOLOGY, INC. INVESTORS<\/span><span class=\"bwuline\">:<\/span><\/b><\/p><p>\nRackspace<b><i> <\/i><\/b>investors may, <b><i><span class=\"bwuline\">no later than September 28, 2026,<\/span><\/i><\/b> seek to be appointed as a lead plaintiff representative of the class through <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.ktmc.com%2Frxt-rackspace-technology-inc-class-action-lawsuit%3Futm_source%3DBusinesswire%26utm_medium%3Dpressrelease%26utm_campaign%3Drxt%26mktm%3DPR&amp;esheet=54582437&amp;newsitemid=20260803017183&amp;lan=en-US&amp;anchor=Kessler+Topaz+Meltzer+%26amp%3B+Check%2C+LLP&amp;index=6&amp;md5=57a786e22458849a096fa12c7a785355\" rel=\"nofollow\" shape=\"rect\">Kessler Topaz Meltzer &amp; Check, LLP<\/a> or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.<\/p><p>\n<a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.ktmc.com&amp;esheet=54582437&amp;newsitemid=20260803017183&amp;lan=en-US&amp;anchor=Kessler+Topaz+Meltzer+%26amp%3B+Check%2C+LLP&amp;index=7&amp;md5=b9f175ae857492940a210b8a05520218\" rel=\"nofollow\" shape=\"rect\">Kessler Topaz Meltzer &amp; Check, LLP<\/a> encourages Rackspace investors to contact the firm for more information.<\/p><p>\n<b><span class=\"bwuline\">ABOUT KESSLER TOPAZ MELTZER &amp; CHECK, LLP (KTMC):<\/span><\/b><\/p><p>\nKessler Topaz Meltzer &amp; Check, LLP (KTMC) is a leading U.S. plaintiff-side law firm focused on securities-fraud class actions and global investor protection. The firm represents individual investors as well as institutions, such as major pension funds, asset managers, and international investors. KTMC has led some of the largest recoveries in securities litigation and has been recognized by peers and the legal media with numerous accolades, including being recognized in <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.ktmc.com%2Fnews%2Fktmc-recognized-as-a-band-1-firm-in-chambers-usa-2026%2F&amp;esheet=54582437&amp;newsitemid=20260803017183&amp;lan=en-US&amp;anchor=Chambers+%26amp%3B+Partners+USA+2026+as+a+Band+1+Top+Firm&amp;index=8&amp;md5=4eaec7d7ba721bfe11fa263be5198177\" rel=\"nofollow\" shape=\"rect\">Chambers &amp; Partners USA 2026 as a Band 1 Top Firm<\/a> in Securities and Class Actions, <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.ktmc.com%2Fnews%2Fktmc-earns-tier-1-rankings-in-legal-500-united-states-2026%2F&amp;esheet=54582437&amp;newsitemid=20260803017183&amp;lan=en-US&amp;anchor=Legal+500%26%238217%3Bs+Tier+1+Rankings+for+Securities+and+M%26amp%3BA+Litigation&amp;index=9&amp;md5=bae3302ea49f0ad05ac8bdcdb1231566\" rel=\"nofollow\" shape=\"rect\">Legal 500\u2019s Tier 1 Rankings for Securities and M&amp;A Litigation<\/a>, The National Law Journal\u2019s Plaintiff\u2019s Hot List and Trailblazers in Plaintiffs' Law, BTI Consulting Group\u2019s Honor Roll of Most Feared Law Firms, The Legal Intelligencer\u2019s <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.ktmc.com%2Fnews%2Fktmc-named-2026-class-action-litigation-firm-of-the-year%2F&amp;esheet=54582437&amp;newsitemid=20260803017183&amp;lan=en-US&amp;anchor=Class+Action+Firm+of+the+Year&amp;index=10&amp;md5=c3be847db2013f2cc50273cfc7eb81d3\" rel=\"nofollow\" shape=\"rect\">Class Action Firm of the Year<\/a>, Lawdragon\u2019s Leading Plaintiff Financial Lawyers, and Law360\u2019s Titans of the Plaintiffs Bar. The firm operates globally with offices in Pennsylvania and California. KTMC has recovered over $25 billion for our clients and the classes they represent. The complaint in this matter was not filed by KTMC.<\/p><p>\nMay be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes.<\/p><br\/> <b>Contacts<\/b> <br\/><p>\nJonathan Naji, Esq.\n<br\/>(484) 270-1453\n<br\/>280 King of Prussia Road\n<br\/>Radnor, PA 19087\n<br\/><a  href=\"mailto:info@ktmc.com\" rel=\"nofollow\" shape=\"rect\">info@ktmc.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Did you buy RXT securities between May 7, 2026 and July 8, 2026?<br \/>\nAffected RXT Investor Summary<\/p>\n<p>Who: Rackspace Technology, Inc. (NASDAQ: RXT)<\/p>\n<p>What: Securities fraud class action lawsuit filed<\/p>\n<p>Class Period: May 7, 2026 through July 8, 2026<\/p>\n<p>Deadline &#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-50216","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/50216","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=50216"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/50216\/revisions"}],"predecessor-version":[{"id":50217,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/50216\/revisions\/50217"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}