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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]
Intuitive Surgical: Buy The January Selloff (NASDAQ:ISRG)
Seeking Alpha· 2026-02-04 23:11
Core Insights - Intuitive Surgical, Inc. (ISRG) operates at a significant intersection of robotics and healthcare, indicating a promising future for the company [1] Group 1 - The company was covered in October of the previous year, highlighting its innovative approach in the healthcare sector [1] - The combination of robotics and healthcare is seen as a key driver for future growth and opportunities within the industry [1]
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].
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. ...
Securities Fraud Investigation Into Richtech Robotics Inc. (RR) Announced – Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz
Businesswire· 2026-02-04 20:14
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Richtech Robotics Inc. ("Richtech†or the "Company†) (NASDAQ: RR) on behalf of investors concerning the Company's possible violations of federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON RICHTECH ROBOTICS INC. (RR), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS. What Is The Investigation About? On January 27, 2026, Richtech announced a "collaboration†with. ...
RR LAWSUIT: Richtech Robotics Shares Continue to Fall; Investors Should Contact Block & Leviton to Recover Losses
Globenewswire· 2026-02-04 19:46
Core Viewpoint - A securities fraud lawsuit has been filed against Richtech Robotics Inc. and certain executives due to allegations of misrepresentation regarding their relationship with Microsoft, leading to significant stock price decline and investor losses [1][2][3]. Group 1: Allegations and Impact - Richtech Robotics' shares fell over 20% on January 29, 2026, after a report claimed the company misrepresented its relationship with Microsoft, describing a non-commercial engagement as a "close collaboration" [2]. - The report indicated that Microsoft characterized the engagement as a standard customer program without commercial elements, contradicting Richtech's public statements [2]. - The lawsuit alleges that Richtech's claims about its business and prospects were materially false and misleading, resulting in investor damages when the true details became public [3]. Group 2: Investor Eligibility and Actions - Investors who purchased Richtech Robotics common stock between January 27, 2026, and January 29, 2026, and experienced a decline in share value may be eligible to participate in the lawsuit [4]. - The deadline for seeking appointment as lead plaintiff is April 3, 2026, and investors are encouraged to contact Block & Leviton for more information [5]. Group 3: Whistleblower Information - Individuals with non-public information about Richtech Robotics are encouraged to assist in the investigation or file a report with the SEC under the whistleblower program, potentially receiving rewards of up to 30% of any successful recovery [6]. Group 4: Legal Representation - Block & Leviton is recognized as a leading securities class action firm, having recovered billions for defrauded investors and representing many top institutional investors [7].
Class Action Lawsuit Filed Against Richtech Robotics; Investors Urged to Contact Award-Winning Firm, Gibbs Mura
Businesswire· 2026-02-04 18:54
Core Viewpoint - A lawsuit has been filed against Richtech Robotics Inc. for allegedly making false statements regarding its collaboration with Microsoft and for missing its 10-K filing deadline, leading to a significant drop in share price [1][2][3]. Group 1: Lawsuit Details - The lawsuit claims that Richtech Robotics misrepresented its relationship with Microsoft, stating it had a collaborative partnership when it did not [2]. - Hunterbrook Media reported that Microsoft clarified that Richtech Robotics was merely a customer and that their engagement had no commercial element [2]. - The lawsuit also highlights that Richtech Robotics missed its extended 10-K filing deadline, raising questions about potential undisclosed deficiencies from NASDAQ [2]. Group 2: Market Impact - Following the allegations from Hunterbrook Media, shares of Richtech Robotics fell over 20% in intraday trading on January 29, 2026, resulting in significant losses for investors [3].
‘Saving for Retirement Will be Irrelevant’: Elon Musk Says Unless You’re Retiring In the Next Decade, ‘Squirreling Money’ is Pointless
Yahoo Finance· 2026-02-04 18:26
Core Viewpoint - Elon Musk questions the future relevance of saving for retirement, linking it to the rapid advancement of AI and robotics that may disrupt the labor market [1][6] Group 1: Impact on Labor Market - Musk believes that the first wave of AI disruption is affecting white-collar jobs, including roles such as lawyers, accountants, and coders, which were previously considered secure [2] - Following white-collar jobs, blue-collar work is expected to be replaced by humanoid robots and advanced AI, impacting sectors like manufacturing, logistics, and construction within three to seven years [3] Group 2: Economic Implications - Musk argues that the outcome of AI and robotics will lead to abundance rather than deprivation, as goods and services could be produced at near-zero marginal costs, drastically reducing prices for essentials like food and housing [4] - The concept of "universal high income" is introduced, suggesting a future where the cost of living decreases significantly, allowing people to maintain a high standard of living without traditional employment [5] Group 3: Retirement Savings Perspective - Musk's recommendation is to not prioritize saving for retirement, as he believes that if his predictions hold true, the need for retirement savings will become irrelevant [6]