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Richtech Robotics Inc. (RR) Securities Fraud: Contact Berger Montague To Discuss Your Rights
TMX Newsfile· 2026-02-17 15:21
Core Viewpoint - A class action lawsuit has been filed against Richtech Robotics Inc. for allegedly misleading investors about its relationship with Microsoft, leading to significant stock price declines when the truth was revealed [1][3]. Company Overview - Richtech Robotics Inc. is based in Las Vegas, Nevada, and specializes in designing and manufacturing AI-driven service robots for various industries, including hospitality, healthcare, and manufacturing [2]. Lawsuit Details - The lawsuit claims that Richtech misrepresented its relationship with Microsoft as a "hands-on collaboration" and "joint engineering effort," while it was actually a standard customer relationship [3]. - The market reacted negatively on January 27, 2026, when the truth about the relationship was disclosed, resulting in a substantial decline in Richtech's share price [3]. Investor Information - Investors who purchased Richtech securities during the class period from January 27, 2026, to January 29, 2026, have until April 3, 2026, to seek appointment as lead plaintiff representatives [2].