Class Action Lawsuit Filed Against Rackspace Technology, Inc.
Date: September 4, 2026
Location: New York, NY
Source: NewMediaWire
Kaplan Fox & Kilsheimer LLP has announced a class action lawsuit against Rackspace Technology, Inc. (NASDAQ: RXT) on behalf of investors who purchased or acquired Rackspace securities from May 7, 2026, to July 8, 2026.
Click Here to Join the Case
If you’re an investor in Rackspace and have incurred losses, contact us or email pmayer@kaplanfox.com or call (646) 315-9003.
Deadline Reminder:
If you are a member of the proposed Class, you may move the court no later than September 28, 2026, to serve as a lead plaintiff. Contact us to learn about this process—there is no need to be a lead plaintiff to share in any potential recovery.
Allegations
The complaint alleges that during the Class Period, Rackspace’s executives made misleading statements, failing to disclose critical information that affected investors, including:
- Significant re-prioritization away from the profitable Private Cloud segment.
- Declines in Public Cloud revenue as customers switched to hyperscale cloud platforms.
- Likely reductions in a material part of the Public Cloud infrastructure resale business.
- Impact on fiscal year 2026 revenue.
- Misleading positive statements about the Company’s performance and outlook.
Why Contact Kaplan Fox?
Founded in 1956, Kaplan Fox & Kilsheimer LLP specializes in complex litigation, recovering over $10 billion for clients nationwide. Recognized as a premier plaintiffs’ litigation firm, Kaplan Fox has achieved landmark recoveries in securities litigation.
For more questions, please contact:
Pamela A. Mayer
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, NY 10022
(646) 315-9003
pmayer@kaplanfox.com
Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1501
Oakland, CA 94612
(415) 772-4704
lking@kaplanfox.com
Note: Contacting Kaplan Fox does not create an attorney-client relationship.
View the original release: NewMediaWire
