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INVESTOR DEADLINE: Richtech Robotics Inc. (RR) Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit, Robbins Geller Rudman & Dowd LLP Announces
Globenewswire· 2026-02-07 17:40
Core Viewpoint - Richtech Robotics Inc. is facing a class action lawsuit for allegedly misleading investors about its relationship with Microsoft, which has resulted in significant stock price declines [3][4]. Group 1: Class Action Lawsuit Details - The class action lawsuit is titled Diez v. Richtech Robotics Inc., and it involves purchasers of Richtech Robotics securities from January 27, 2026, to January 29, 2026 [1]. - Investors have until April 3, 2026, to seek appointment as lead plaintiff in the lawsuit [1]. - The lawsuit alleges that Richtech Robotics falsely claimed a commercial relationship with Microsoft during the class period [3]. Group 2: Impact of Allegations - An article published by Hunterbrook Media on January 29, 2026, stated that Microsoft denied any partnership with Richtech Robotics, leading to a more than 29% drop in the price of Richtech Robotics Class B stock over two trading days [4]. Group 3: Legal Process and Representation - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased Richtech Robotics securities during the class period to seek lead plaintiff status [5]. - The lead plaintiff will represent the interests of all class members and can choose a law firm for litigation [5]. Group 4: Firm Background - Robbins Geller Rudman & Dowd LLP is a leading firm in securities fraud and shareholder rights litigation, having recovered over $916 million for investors in 2025 alone [6]. - The firm has a strong track record, recovering $8.4 billion for investors over the past five years, significantly more than any other law firm [6].