Richtech Robotics (RR)
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Securities Fraud Investigation Into Richtech Robotics Inc. (RR) Announced – Shareholders Who Lost Money Urged To Contact Glancy Prongay Wolke & Rotter LLP, a Leading Securities Fraud Law Firm
Businesswire· 2026-02-05 15:00
LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay Wolke & Rotter LLP, a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Richtech Robotics Inc. ("Richtech†or the "Company†) (NASDAQ: RR) investors concerning the Company's possible violations of the federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON RICHTECH ROBOTICS INC. (RR), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS. What Happened. ...
Richtech Robotics (RR) Hit With Securities Class Action Amid Questions About Possible Pump and Dump - Hagens Berman
Prnewswire· 2026-02-05 14:24
Core Viewpoint - Richtech Robotics is facing a securities class action lawsuit following a significant drop in its stock price after a report indicated that Microsoft denied a commercial partnership with the company, leading to a decline of over 20% in share price on January 29, 2026 [1][6]. Group 1: Lawsuit Details - The lawsuit aims to represent investors who acquired Richtech securities between January 27, 2026, and January 29, 2026 [1][2]. - Hagens Berman, a national shareholder rights law firm, has initiated an investigation into the claims that Richtech violated federal securities laws [2][7]. Group 2: Company Announcements - On January 27, 2026, Richtech announced a collaboration with Microsoft, which was perceived as a significant commercial relationship, resulting in a 30% increase in share price on that day [4][6]. - The company subsequently announced a dilutive private placement of 8.5 million Class B common shares on January 28, 2026, which raised concerns about misleading investors regarding the nature of its relationship with Microsoft [5][6]. Group 3: Market Reaction - Following the January 29 report from Hunterbrook Media stating that Microsoft characterized the engagement as a standard customer program without commercial elements, Richtech's stock price fell over 20% [1][6]. - The report clarified that the collaboration was merely participation in a free prototyping program, not a commercial partnership, which led to a swift market reaction [6].
Portnoy Law Firm Announces Class Action on Behalf of Richtech Robotics, Inc. Investors
Globenewswire· 2026-02-05 14:00
Core Viewpoint - Richtech Robotics, Inc. is facing a class action lawsuit due to allegations of misleading investors about its relationship with Microsoft, which has resulted in a significant drop in stock price [3][4]. Group 1: Class Action Details - The class action lawsuit is on behalf of investors who purchased securities between January 27, 2026, and January 29, 2026, with a deadline for filing a lead plaintiff motion set for April 3, 2026 [1]. - The lawsuit claims that Richtech Robotics falsely asserted a collaborative and commercial relationship with Microsoft during the class period [3]. Group 2: Impact of Allegations - On January 29, 2026, an article published by Hunterbrook Media stated that Microsoft denied any partnership with Richtech Robotics, indicating that their engagement was merely a standard customer interaction without commercial implications [4]. - Following the publication of this article, Richtech Robotics Class B stock experienced a decline of over 29% within two trading days [4]. Group 3: Company Overview - Richtech Robotics specializes in developing, manufacturing, deploying, and selling robotic solutions aimed at automation within the service industry [2].
Richtech Robotics Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - RR
Prnewswire· 2026-02-05 10:14
Core Viewpoint - A class action lawsuit has been filed against Richtech Robotics Inc. for allegedly making false and misleading statements regarding a commercial relationship with Microsoft, impacting investor perceptions and decisions [1][2]. Group 1: Lawsuit Details - The class period for the lawsuit is from January 27, 2026, to January 29, 2026, with a deadline for lead plaintiff appointments set for April 3, 2026 [2]. - The complaint alleges that Richtech's public statements were false and materially misleading, creating a false impression of a commercial relationship with Microsoft [2]. Group 2: Investor Participation - Shareholders who purchased shares during the class period are encouraged to contact the law firm for potential lead plaintiff appointments, although this is not required to participate in any recovery [2][3]. - The law firm emphasizes that participation in the lawsuit may help shareholders recover losses incurred due to the alleged misleading statements [5]. Group 3: Law Firm Profile - DJS Law Group specializes in securities class actions, corporate governance litigation, and M&A appraisals, focusing on enhancing investor returns through advocacy [4]. - The firm represents some of the largest hedge funds and alternative asset managers, indicating a strong reputation in the industry [4].
Berger Montague PC Investigating Claims on Behalf of Investors in Richtech Robotics Inc. (RR) After Class Action Filing
TMX Newsfile· 2026-02-05 00:11
Group 1 - A class action lawsuit has been filed against Richtech Robotics Inc. on behalf of investors who purchased securities during the period from January 27, 2026, to January 29, 2026 [1][2] - Richtech Robotics specializes in the design and manufacture of AI-driven service robots for industries such as hospitality, healthcare, and manufacturing [2] - The lawsuit alleges that Richtech falsely characterized its relationship with Microsoft as a "hands-on collaboration" instead of a standard customer relationship, leading to a significant decline in share value when the truth was revealed [3] Group 2 - Investors who purchased Richtech securities during the class period have until April 3, 2026, to seek appointment as lead plaintiff representative [2] - Berger Montague, the law firm handling the case, is recognized for its expertise in complex civil litigation and has recovered over $50 billion for clients over its 55-year history [5]
RR SHAREHOLDER ALERT: Securities Fraud Lawsuit Filed on Behalf of Richtech Robotics Inc. Investors - Contact Kirby McInerney LLP by April 3, 2026
Globenewswire· 2026-02-04 23:00
Core Viewpoint - Richtech Robotics Inc. is facing a securities fraud class action lawsuit due to allegations of misleading statements regarding its relationship with Microsoft and the accuracy of its business disclosures [4][7]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who purchased Richtech securities between January 27, 2026, and January 29, 2026, alleging that Richtech falsely claimed a collaborative relationship with Microsoft [4]. - The lawsuit claims that Richtech's statements about its business operations and prospects were materially false and misleading [4]. - Investors who suffered losses have until April 3, 2026, to request lead plaintiff appointment, which allows them to oversee the litigation [2]. Group 2: Stock Price Movements - On January 27, 2026, Richtech's share price increased by $1.70, or approximately 44.6%, following the announcement of a "hands-on collaboration" with Microsoft [5]. - Following the announcement of a private placement of $38.7 million Class B shares on January 28, 2026, Richtech's share price declined by $0.43, or approximately 7.8% [6]. - On January 29, 2026, a report from Hunterbrook Media alleged that Richtech mischaracterized its relationship with Microsoft, leading to a further decline in share price by $1.06, or approximately 20.9% [7].
Richtech Robotics (RR) Hit With Securities Class Action Amid Questions About Possible Pump and Dump – Hagens Berman
Globenewswire· 2026-02-04 21:42
Core Viewpoint - Richtech Robotics is facing a securities class action lawsuit following a significant drop in its stock price after a report indicated that Microsoft denied a commercial partnership with the company, leading to a decline of over 20% in share value on January 29, 2026 [1][6]. Group 1: Lawsuit Details - The lawsuit aims to represent investors who acquired Richtech securities between January 27, 2026, and January 29, 2026 [2]. - Hagens Berman, a national shareholder rights law firm, has initiated an investigation into the claims that Richtech violated federal securities laws [2][7]. - The lead plaintiff deadline for the lawsuit is set for April 3, 2026 [2]. Group 2: Company Announcements and Market Reaction - On January 27, 2026, Richtech announced a collaboration with Microsoft, which initially caused its stock price to surge by 30% due to perceived commercial potential [4]. - However, on January 29, 2026, Hunterbrook Media reported that Microsoft characterized the engagement as a standard customer program without any commercial element, leading to a rapid decline in Richtech's stock price by over 20% [6]. Group 3: Allegations of Misleading Information - The lawsuit alleges that Richtech misled investors regarding the nature of its relationship with Microsoft, suggesting a meaningful collaboration that did not exist [5][6]. - Hagens Berman's investigation is focused on whether Richtech intentionally misled investors to facilitate a dilutive equity raise [7].
Richtech Robotics Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights – RR
Businesswire· 2026-02-04 20:30
LOS ANGELES--(BUSINESS WIRE)--Richtech Robotics Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights – RR. ...
ROSEN, LEADING INVESTOR COUNSEL, Encourages Richtech Robotics Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm - RR
TMX Newsfile· 2026-02-04 20:20
New York, New York--(Newsfile Corp. - February 4, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of securities of Richtech Robotics Inc. (NASDAQ: RR) between January 27, 2026 and 12:00 PM ET on January 29, 2026, both dates inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than April 3, 2026 in the securities class action ...
Richtech Robotics Inc. (RR) Shareholders Who Lost Money – Contact Law Offices of Howard G. Smith About Securities Fraud Investigation
Businesswire· 2026-02-04 20:17
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Richtech Robotics Inc. ("Richtech†or the "Company†) (NASDAQ: RR) investors concerning the Company's possible violations of federal securities laws. IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN RICHTECH ROBOTICS INC. (RR), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS. Contact the Law Offices of Howard G. Smith to discuss your legal rights b. ...