Core Viewpoint - Robbins LLP has initiated a class action lawsuit on behalf of investors who acquired Richtech Robotics Inc. securities during a specific period, alleging that the company misled investors about its relationship with Microsoft [1][2]. Group 1: Allegations and Stock Performance - Richtech Robotics announced a collaboration with Microsoft on January 27, 2026, which led to a significant increase in its Class B common stock price from $3.81 to $5.51, marking a 44.6% rise [2]. - Following a denial of the partnership by Microsoft on January 29, 2026, Richtech's stock price dropped by $1.06, or 20.87%, closing at $4.02, and further declined by $0.44, or 10.9%, to $3.58 the next day [3]. Group 2: Class Action Participation - Shareholders interested in serving as lead plaintiffs in the class action must file their papers by April 3, 2026, but participation is not required to be eligible for recovery [4].
RR Stockholder Alert: Robbins LLP Reminds Investors of the Class Action Lawsuit Against Richtech Robotics Inc.