{"success":true,"data":{"pressRelease":{"id":"146632","rtpr_id":"nGNX6DHdxK-20260917","ticker":"RXT","exchange":"NASDAQ","all_tickers":["RXT"],"title":"RXT Investors Have Opportunity to Lead Rackspace Technology, Inc. Securities Fraud Lawsuit with SBS Law ","author":"Globe Newswire","published_at":"2026-09-17T14:03:51.088Z","article_body":"LOS ANGELES, Sept. 17, 2026 (GLOBE NEWSWIRE) -- Schall, Brown & Schwartz LLP\n(https://www.globenewswire.com/Tracker?data=yGz6Zf_mlFYNJWE7W2GwPCmUE2IlBVeH4pqT8ldPFCF_FbJOqri_xdRKuuikEdpCOs6jyQ_2zSDbt7oa1YJX3K0Kso5Cy7oVewF9QcZZtpj28YzmDaSvweFFuEBwKf-C)\n(“SBS”), a national shareholder rights litigation firm, reminds investors\nof a class action lawsuit against Rackspace Technology, Inc. (“Rackspace”\nor “the Company”) (NASDAQ: RXT\n(https://www.globenewswire.com/Tracker?data=snV7IFrOaj1cWOZefFJkHlI5E9hd7m9zvrXq23GNJSIseZ8EWdplEnn0-Wtx0kxml562vExOXhdLPNClPS-U2sLIyp-nA_5zd0_nyyEOJaQ=))\nfor violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934\nand Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange\nCommission.\n\nShareholders who purchased shares of RXT during the class period listed are\nencouraged to contact the firm regarding possible lead plaintiff appointments.\nAppointment as lead plaintiff is not required to partake in any recovery.\n\nCLASS PERIOD: May 7, 2026 to July 8, 2026\n\nDEADLINE: September 28, 2026\n\nIf you are a shareholder who suffered a loss, click here to participate\n(https://www.globenewswire.com/Tracker?data=oUGMvNfpztYVOK_Nbp_5eGad5rDUJguZ2n6H7AdKxkcYTEBEvkvoiX_38NM9DyihVbbsGjrhLt-WVwOHf-wcPJQHgCHmu8njL2Rv7ImQP6HyF4_tp_61B6cPxVGI6h4QDNIJ9IZ7oCt0jgaaPiCu1A==).\n\nCASE DETAILS: According to the Complaint, the Company made false and\nmisleading statements to the market. Rackspace’s enterprise AI business\ncaused it to move investment and capacity away from its profitable Private\nCloud business. The Company’s Private Cloud revenue declined as customers\ntransitioned to hyperscale platforms. The Company’s fiscal 2026 revenue\nwould be significantly impacted by these market challenges. Based on these\nfacts, the Company’s public statements were false and materially misleading\nthroughout the class period. When the market learned the truth about\nRackspace, investors suffered damages.\n\nWe also encourage you to contact Brian Schall or David Schwartz of Schall,\nBrown & Schwartz LLP, 2049 Century Park East, Suite 2460, Los Angeles, CA\n90067, at 310-301-3335, to discuss your rights free of charge. You can also\nreach us through the firm's website at www.schallfirm.com, or by email\nat david@schallfirm.com.\n\nThe class, in this case, has not yet been certified, and until certification\noccurs, you are not represented by an attorney. If you choose to take no\naction, you can remain an absent class member.\n\nJoin the case\n(https://www.globenewswire.com/Tracker?data=YRUGr1IUxll6a-UifoFBi-AvguvIFUhwu7FIX_kSspScFsBH_xxjlQ9URnoWsZ0Sksn5mvBuR6-oeFA2eO6Fd4RVCD5KbRStjvWUJhcgRSSo2-hnl21dFIgbIPhpyFWc)\nto recover your losses\n\nWHY SBS? Schall, Brown & Schwartz LLP represents investors around the world\nand specializes in securities class action lawsuits and shareholder rights\nlitigation. Bringing together the extensive experience and diverse skillsets\nof founding partners Brian Schall, Andrew Brown, and David Schwartz, SBS is\ndedicated to aggressively advocating for every investor.\n\nThis press release may be considered Attorney Advertising in some\njurisdictions under the applicable law and rules of ethics.        \n\nCONTACT:\n\nSchall, Brown & Schwartz LLP\nBrian Schall, Esq.,\nAndrew Brown, Esq.,\nDavid Schwartz, Esq.,\nwww.schallfirm.com\nOffice: 310-301-3335\ninfo@schallfirm.com\n\nSOURCE:\n\nSchall, Brown & Schwartz LLP\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/0b1ae5f6-3843-4b48-9c73-0b3760ba856a)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX6DHdxK-20260917","title":"RXT Investors Have Opportunity to Lead Rackspace Technology, Inc. Securities Fraud Lawsuit with SBS Law ","author":"Globe Newswire","ticker":"RXT","created":"2026-09-17T14:03:51.088Z","tickers":["RXT"],"exchange":"NASDAQ","article_body":"LOS ANGELES, Sept. 17, 2026 (GLOBE NEWSWIRE) -- Schall, Brown & Schwartz LLP\n(https://www.globenewswire.com/Tracker?data=yGz6Zf_mlFYNJWE7W2GwPCmUE2IlBVeH4pqT8ldPFCF_FbJOqri_xdRKuuikEdpCOs6jyQ_2zSDbt7oa1YJX3K0Kso5Cy7oVewF9QcZZtpj28YzmDaSvweFFuEBwKf-C)\n(“SBS”), a national shareholder rights litigation firm, reminds investors\nof a class action lawsuit against Rackspace Technology, Inc. (“Rackspace”\nor “the Company”) (NASDAQ: RXT\n(https://www.globenewswire.com/Tracker?data=snV7IFrOaj1cWOZefFJkHlI5E9hd7m9zvrXq23GNJSIseZ8EWdplEnn0-Wtx0kxml562vExOXhdLPNClPS-U2sLIyp-nA_5zd0_nyyEOJaQ=))\nfor violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934\nand Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange\nCommission.\n\nShareholders who purchased shares of RXT during the class period listed are\nencouraged to contact the firm regarding possible lead plaintiff appointments.\nAppointment as lead plaintiff is not required to partake in any recovery.\n\nCLASS PERIOD: May 7, 2026 to July 8, 2026\n\nDEADLINE: September 28, 2026\n\nIf you are a shareholder who suffered a loss, click here to participate\n(https://www.globenewswire.com/Tracker?data=oUGMvNfpztYVOK_Nbp_5eGad5rDUJguZ2n6H7AdKxkcYTEBEvkvoiX_38NM9DyihVbbsGjrhLt-WVwOHf-wcPJQHgCHmu8njL2Rv7ImQP6HyF4_tp_61B6cPxVGI6h4QDNIJ9IZ7oCt0jgaaPiCu1A==).\n\nCASE DETAILS: According to the Complaint, the Company made false and\nmisleading statements to the market. Rackspace’s enterprise AI business\ncaused it to move investment and capacity away from its profitable Private\nCloud business. The Company’s Private Cloud revenue declined as customers\ntransitioned to hyperscale platforms. The Company’s fiscal 2026 revenue\nwould be significantly impacted by these market challenges. Based on these\nfacts, the Company’s public statements were false and materially misleading\nthroughout the class period. When the market learned the truth about\nRackspace, investors suffered damages.\n\nWe also encourage you to contact Brian Schall or David Schwartz of Schall,\nBrown & Schwartz LLP, 2049 Century Park East, Suite 2460, Los Angeles, CA\n90067, at 310-301-3335, to discuss your rights free of charge. You can also\nreach us through the firm's website at www.schallfirm.com, or by email\nat david@schallfirm.com.\n\nThe class, in this case, has not yet been certified, and until certification\noccurs, you are not represented by an attorney. If you choose to take no\naction, you can remain an absent class member.\n\nJoin the case\n(https://www.globenewswire.com/Tracker?data=YRUGr1IUxll6a-UifoFBi-AvguvIFUhwu7FIX_kSspScFsBH_xxjlQ9URnoWsZ0Sksn5mvBuR6-oeFA2eO6Fd4RVCD5KbRStjvWUJhcgRSSo2-hnl21dFIgbIPhpyFWc)\nto recover your losses\n\nWHY SBS? Schall, Brown & Schwartz LLP represents investors around the world\nand specializes in securities class action lawsuits and shareholder rights\nlitigation. Bringing together the extensive experience and diverse skillsets\nof founding partners Brian Schall, Andrew Brown, and David Schwartz, SBS is\ndedicated to aggressively advocating for every investor.\n\nThis press release may be considered Attorney Advertising in some\njurisdictions under the applicable law and rules of ethics.        \n\nCONTACT:\n\nSchall, Brown & Schwartz LLP\nBrian Schall, Esq.,\nAndrew Brown, Esq.,\nDavid Schwartz, Esq.,\nwww.schallfirm.com\nOffice: 310-301-3335\ninfo@schallfirm.com\n\nSOURCE:\n\nSchall, Brown & Schwartz LLP\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/0b1ae5f6-3843-4b48-9c73-0b3760ba856a)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-09-17T14:03:51.130726178Z","server_sent_at_ms":1789653831130},"received_at":"2026-09-17T14:03:51.189Z","source_url":null},"analysis":{"id":"135464","press_release_id":"146632","analysis_json":{"industry":{"label":"IT Services","sector":"Information Technology"},"redFlags":["Securities class action alleges Rackspace issued materially misleading statements about Private Cloud revenue decline and fiscal 2026 revenue impact while pivoting capacity to enterprise AI"],"eventType":"legal_litigation","narrative":"Schall, Brown & Schwartz LLP is reminding Rackspace Technology (RXT) investors of a securities fraud class action and soliciting lead plaintiff candidates ahead of a September 28, 2026 deadline.\n\nThe complaint alleges Rackspace made false and misleading statements, contending its enterprise AI push moved investment and capacity away from its profitable Private Cloud business, whose revenue declined as customers transitioned to hyperscale platforms, with fiscal 2026 revenue expected to be significantly impacted.\n\nThe class period runs May 7, 2026 to July 8, 2026, and the class has not yet been certified. This is law-firm marketing rather than an issuer disclosure, so treat it as low-signal noise for RXT.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Plaintiff-firm solicitation -- suppress; only the underlying fraud allegations merit tracking on a litigation feed."},"keyFigures":{"customDimensions":{"class_certified":false,"class_period_end":"2026-07-08","class_period_start":"2026-05-07","lead_plaintiff_deadline":"2026-09-28"}},"quotedText":"","namedEntities":{"people":[{"name":"Brian Schall","role":"Attorney / founding partner, Schall Brown & Schwartz LLP"},{"name":"David Schwartz","role":"Attorney / founding partner, Schall Brown & Schwartz LLP"},{"name":"Andrew Brown","role":"Founding partner, Schall Brown & Schwartz LLP"}],"products":[],"companies":[{"name":"Rackspace Technology, Inc.","ticker":"RXT","relationship":"defendant / subject of securities class action"},{"name":"Schall, Brown & Schwartz LLP","relationship":"plaintiff law firm issuing solicitation"}],"dollarAmounts":[]},"materialImpact":{"score":1,"reasoning":"Plaintiff law-firm solicitation issued by Schall, Brown & Schwartz LLP under the firm's own name, reminding RXT investors of an existing class action and soliciting lead plaintiff candidates before a deadline. No new issuer disclosure, no certified class, and no settlement amount announced."},"tickerRelevance":{"others":[],"primary":"RXT"},"globalImportance":12,"audienceRelevance":12,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-to-mid-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false,"underlyingAllegation":"securities fraud re: Private Cloud revenue decline and FY26 revenue impact"}},"event_type":"legal_litigation","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"Schall, Brown & Schwartz LLP is reminding Rackspace Technology (RXT) investors of a securities fraud class action and soliciting lead plaintiff candidates ahead of a September 28, 2026 deadline.\n\nThe complaint alleges Rackspace made false and misleading statements, contending its enterprise AI push moved investment and capacity away from its profitable Private Cloud business, whose revenue declined as customers transitioned to hyperscale platforms, with fiscal 2026 revenue expected to be significantly impacted.\n\nThe class period runs May 7, 2026 to July 8, 2026, and the class has not yet been certified. This is law-firm marketing rather than an issuer disclosure, so treat it as low-signal noise for RXT.","key_figures":{"customDimensions":{"class_certified":false,"class_period_end":"2026-07-08","class_period_start":"2026-05-07","lead_plaintiff_deadline":"2026-09-28"}},"named_entities":{"people":[{"name":"Brian Schall","role":"Attorney / founding partner, Schall Brown & Schwartz LLP"},{"name":"David Schwartz","role":"Attorney / founding partner, Schall Brown & Schwartz LLP"},{"name":"Andrew Brown","role":"Founding partner, Schall Brown & Schwartz LLP"}],"products":[],"companies":[{"name":"Rackspace Technology, Inc.","ticker":"RXT","relationship":"defendant / subject of securities class action"},{"name":"Schall, Brown & Schwartz LLP","relationship":"plaintiff law firm issuing solicitation"}],"dollarAmounts":[]},"model_name":"glm-5.3-flash","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-17T14:04:30.372Z","global_importance":12,"audience_relevance":12,"importance_components":{"tickerTier":"small-to-mid-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false,"underlyingAllegation":"securities fraud re: Private Cloud revenue decline and FY26 revenue impact"}},"durationMs":39176,"modelName":"glm-5.3-flash"}}