{"success":true,"data":{"pressRelease":{"id":"148651","rtpr_id":"nGNX5zCt16-20260921","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":"2026-09-21T13:49:30.110Z","article_body":"LOS ANGELES, Sept. 21, 2026 (GLOBE NEWSWIRE) -- Schall, Brown & Schwartz LLP\n(https://www.globenewswire.com/Tracker?data=JVZY-yfP8POj8XfbKpY8c1OQVluklNC2crUkeuEsoh2FE1Zn1mABg4-_FZe2JHIDKyuDCDiddsgQNjtagRpWKabXTjYgt_xx31LvaSfC1Xbz_HSkUrMvwIY0bo-Iogk8)\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=2aURGjKuI1W8yN88bSKlGX8OL47OTf1I3d0uJdvotLZU9FzLeYzozc-LRfLhgMO4lNxZWKJzd7K35Jz8-TKFA1qvgb6YE5VLckt8xvIoKJ4=))\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=skUNcv2pOLf6agkpoZFVzKK0uh8gQN-Xouryj5sLTEBm4E6RbUk_wgLC1-Al-kiMOJn4yQwcccYHBfBmXYmjlH4ptX41ryQHTXD4X9u8_FRya8csvJY4qC7vPEOqP3vO1CVdfe9lez9Qx4PVdhGAOw==).\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=u9hxwejpUrYG4zt0lJU1ma0GFxH7b-yzP7Npsy0ETOPjXUSmpnVOw3YcP2Grc--_xdYdxFGEFlSRIolXy7caZIvYxpvXgLKnXiSY7jjGt-ND98sc-QCjyRtWzgDYtB9o)\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":"nGNX5zCt16-20260921","title":"RXT Investors Have Opportunity to Lead Rackspace Technology, Inc. Securities Fraud Lawsuit with SBS Law","author":"Globe Newswire","ticker":"RXT","created":"2026-09-21T13:49:30.110Z","tickers":["RXT"],"exchange":"NASDAQ","article_body":"LOS ANGELES, Sept. 21, 2026 (GLOBE NEWSWIRE) -- Schall, Brown & Schwartz LLP\n(https://www.globenewswire.com/Tracker?data=JVZY-yfP8POj8XfbKpY8c1OQVluklNC2crUkeuEsoh2FE1Zn1mABg4-_FZe2JHIDKyuDCDiddsgQNjtagRpWKabXTjYgt_xx31LvaSfC1Xbz_HSkUrMvwIY0bo-Iogk8)\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=2aURGjKuI1W8yN88bSKlGX8OL47OTf1I3d0uJdvotLZU9FzLeYzozc-LRfLhgMO4lNxZWKJzd7K35Jz8-TKFA1qvgb6YE5VLckt8xvIoKJ4=))\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=skUNcv2pOLf6agkpoZFVzKK0uh8gQN-Xouryj5sLTEBm4E6RbUk_wgLC1-Al-kiMOJn4yQwcccYHBfBmXYmjlH4ptX41ryQHTXD4X9u8_FRya8csvJY4qC7vPEOqP3vO1CVdfe9lez9Qx4PVdhGAOw==).\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=u9hxwejpUrYG4zt0lJU1ma0GFxH7b-yzP7Npsy0ETOPjXUSmpnVOw3YcP2Grc--_xdYdxFGEFlSRIolXy7caZIvYxpvXgLKnXiSY7jjGt-ND98sc-QCjyRtWzgDYtB9o)\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":"2026-09-21T13:49:30.158048906Z","server_sent_at_ms":1789998570158},"received_at":"2026-09-21T13:49:30.213Z","source_url":null},"analysis":{"id":"137176","press_release_id":"148651","analysis_json":{"industry":{"label":"IT Services","sector":"Information Technology"},"redFlags":["Underlying 10b-5 allegations: enterprise AI investment allegedly cannibalized the profitable Private Cloud business","Alleged fiscal 2026 revenue impact from customer migration to hyperscale platforms","Class not certified; lead plaintiff deadline September 28, 2026","Release shows inconsistent firm-name spellings throughout (spam-characteristic boilerplate), typical of mass-produced plaintiff solicitations"],"eventType":"legal_litigation","narrative":"Schall, Brown & Schwartz LLP, a shareholder rights litigation firm, is soliciting investors to seek lead plaintiff appointments in a securities fraud class action against Rackspace Technology (NASDAQ: RXT), covering purchases from May 7, 2026 through July 8, 2026, with a September 28, 2026 deadline.\n\nThe complaint alleges Rackspace made false and misleading statements, claiming its enterprise AI push shifted investment and capacity away from the profitable Private Cloud business as customers migrated to hyperscale platforms, materially impacting fiscal 2026 revenue.\n\nThe class has not yet been certified and no damages are quantified; this is law-firm marketing rather than a new disclosure from the company itself, so it carries little incremental information for investors.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Suppress as plaintiff-firm solicitation; the underlying allegation that the AI pivot eroded Private Cloud revenue is worth monitoring via issuer filings instead."},"keyFigures":{"customDimensions":{"class_period_end":"July 8, 2026","class_period_start":"May 7, 2026","lead_plaintiff_deadline":"September 28, 2026"}},"namedEntities":{"people":[{"name":"Brian Schall","role":"attorney / founding partner, plaintiff law firm"},{"name":"Andrew Brown","role":"attorney / founding partner, plaintiff law firm"},{"name":"David Schwartz","role":"attorney / founding partner, plaintiff law firm"}],"products":[],"companies":[{"name":"Rackspace Technology, Inc.","ticker":"RXT","relationship":"subject of securities class action (target of the suit, not the release author)"},{"name":"Schall, Brown & Schwartz LLP (SBS)","relationship":"plaintiff securities law firm and release author"}],"dollarAmounts":[]},"materialImpact":{"score":1,"reasoning":"Plaintiff law-firm shareholder solicitation issued under the law firm's own name via GlobeNewswire, with classic solicitation CTAs ('contact the firm', 'click here to participate'). No new disclosure from Rackspace, no certified class, no settlement, and no quantified damages."},"tickerRelevance":{"others":[],"primary":"RXT"},"globalImportance":12,"audienceRelevance":15,"eventTypeSecondary":[],"importanceComponents":{"eventGravity":"law-firm-class-action-solicitation","classCertified":false,"issuerAuthored":false,"damagesQuantified":false,"firmNameConsistency":"inconsistent spellings across release (spam-like)","settlementAnnounced":false,"underlyingAllegation":"10b-5 claims re: enterprise AI pivot vs Private Cloud revenue decline"}},"event_type":"legal_litigation","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"Schall, Brown & Schwartz LLP, a shareholder rights litigation firm, is soliciting investors to seek lead plaintiff appointments in a securities fraud class action against Rackspace Technology (NASDAQ: RXT), covering purchases from May 7, 2026 through July 8, 2026, with a September 28, 2026 deadline.\n\nThe complaint alleges Rackspace made false and misleading statements, claiming its enterprise AI push shifted investment and capacity away from the profitable Private Cloud business as customers migrated to hyperscale platforms, materially impacting fiscal 2026 revenue.\n\nThe class has not yet been certified and no damages are quantified; this is law-firm marketing rather than a new disclosure from the company itself, so it carries little incremental information for investors.","key_figures":{"customDimensions":{"class_period_end":"July 8, 2026","class_period_start":"May 7, 2026","lead_plaintiff_deadline":"September 28, 2026"}},"named_entities":{"people":[{"name":"Brian Schall","role":"attorney / founding partner, plaintiff law firm"},{"name":"Andrew Brown","role":"attorney / founding partner, plaintiff law firm"},{"name":"David Schwartz","role":"attorney / founding partner, plaintiff law firm"}],"products":[],"companies":[{"name":"Rackspace Technology, Inc.","ticker":"RXT","relationship":"subject of securities class action (target of the suit, not the release author)"},{"name":"Schall, Brown & Schwartz LLP (SBS)","relationship":"plaintiff securities law firm and release author"}],"dollarAmounts":[]},"model_name":"glm-5.3-flash","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-21T13:58:31.275Z","global_importance":12,"audience_relevance":15,"importance_components":{"eventGravity":"law-firm-class-action-solicitation","classCertified":false,"issuerAuthored":false,"damagesQuantified":false,"firmNameConsistency":"inconsistent spellings across release (spam-like)","settlementAnnounced":false,"underlyingAllegation":"10b-5 claims re: enterprise AI pivot vs Private Cloud revenue decline"}},"durationMs":null,"modelName":"glm-5.3-flash"}}