Core Viewpoint - A class action lawsuit has been filed against Richtech Robotics Inc. for allegedly misleading investors about its business relationship with Microsoft, leading to a significant drop in stock price [1][3]. Company Overview - Richtech Robotics Inc. is based in Las Vegas, Nevada, and specializes in designing and manufacturing AI-enabled service robots for the restaurant and hospitality industries [2]. Legal Proceedings - The lawsuit is on behalf of investors who purchased Richtech securities between January 27, 2026, and January 29, 2026, with a deadline of April 3, 2026, for investors to seek lead plaintiff status [2]. - The complaint alleges that the company misled investors regarding its partnership with Microsoft, which was revealed to be a standard customer program without commercial elements [3]. Stock Performance - Following the publication of an article by Hunterbrook Media on January 29, 2026, which stated that Microsoft denied a partnership with Richtech, the company's stock price fell from $5.08 per share on January 28 to $4.02 per share on January 29, and further down to $3.58 per share on January 30, marking a total decline of nearly 30% [3].
CLASS ACTION NOTICE: Berger Montague Advises Richtech Robotics Inc. (RR) Investors to Inquire About a Securities Fraud Class Action