{"success":true,"data":{"pressRelease":{"id":"153596","rtpr_id":"nPn4TTf83a-20260928","ticker":"RXT","exchange":"NASDAQ","all_tickers":["RXT"],"title":"RXT Investors Have Opportunity to Lead Rackspace Technology, Inc. Securities Fraud Lawsuit with SBS Law","author":"PR Newswire","published_at":"2026-09-28T06:12:00.040Z","article_body":"RXT Investors Have Opportunity to Lead Rackspace Technology, Inc. Securities Fraud Lawsuit with SBS Law\nPR Newswire\n\nLOS ANGELES, Sept. 28, 2026\n\nLOS ANGELES, Sept. 28, 2026 /PRNewswire/ -- Schall, Brown & Schwartz LLP\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4783749-1&h=3873791534&u=https%3A%2F%2Fschallfirm.com%2F&a=Schall%2C+Brown+%26+Schwartz+LLP)\n (\"SBS\"), a national shareholder rights litigation firm, reminds investors of\na class action lawsuit against Rackspace Technology, Inc. (\"Rackspace\" or\n\"the Company\") (NASDAQ: RXT\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4783749-1&h=4248754480&u=https%3A%2F%2Ffinance.yahoo.com%2Fquote%2FRXT&a=RXT)\n) for 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://edge.prnewswire.com/c/link/?t=0&l=en&o=4783749-1&h=1751828624&u=https%3A%2F%2Fschallfirm.com%2Fcases%2Frackspace-technology-inc-2%2F&a=click+here+to+participate)\n.\n\nCASE DETAILS: According to the Complaint, the Company made false and\nmisleading statements to the market. Rackspace's enterprise AI business caused\nit to move investment and capacity away from its profitable Private Cloud\nbusiness. The Company's Private Cloud revenue declined as customers\ntransitioned to hyperscale platforms. The Company's fiscal 2026 revenue would\nbe significantly impacted by these market challenges. Based on these facts,\nthe 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\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4783749-1&h=2877962840&u=http%3A%2F%2Fpr.report%2FmIwBkOrU&a=www.schallfirm.com)\n, or by email at david@schallfirm.com (mailto: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://edge.prnewswire.com/c/link/?t=0&l=en&o=4783749-1&h=2278903606&u=https%3A%2F%2Fschallfirm.com%2Fcases%2Frackspace-technology-inc-2%2F&a=Join+the+case)\n to recover your losses\n\nWHY SBS? Schall, Brown & Schwartz LLP represents investors around the\nworld and specializes in securities class action lawsuits and shareholder\nrights litigation. Bringing together the extensive experience and diverse\nskillsets of founding partners Brian Schall, Andrew Brown, and David Schwartz,\nSBS is dedicated 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\nethics.\n\nCONTACT:\n\nSchall, Brown & Schwartz LLP\nBrian Schall, Esq.,\n\nAndrew Brown, Esq.,\n\nDavid Schwartz, Esq.,\nwww.schallfirm.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4783749-1&h=1637354631&u=http%3A%2F%2Fwww.schallfirm.com%2F&a=www.schallfirm.com)\n\nOffice: 310-301-3335\n\ninfo@schallfirm.com (mailto:info@schallfirm.com)\n\nView original\ncontent:https://www.prnewswire.com/news-releases/rxt-investors-have-opportunity-to-lead-rackspace-technology-inc-securities-fraud-lawsuit-with-sbs-law-302891024.html\n(https://www.prnewswire.com/news-releases/rxt-investors-have-opportunity-to-lead-rackspace-technology-inc-securities-fraud-lawsuit-with-sbs-law-302891024.html)\n\nSOURCE Schall, Brown & Schwartz LLP\n\n\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn4TTf83a-20260928","title":"RXT Investors Have Opportunity to Lead Rackspace Technology, Inc. Securities Fraud Lawsuit with SBS Law","author":"PR Newswire","ticker":"RXT","created":"2026-09-28T06:12:00.040Z","tickers":["RXT"],"exchange":"NASDAQ","article_body":"RXT Investors Have Opportunity to Lead Rackspace Technology, Inc. Securities Fraud Lawsuit with SBS Law\nPR Newswire\n\nLOS ANGELES, Sept. 28, 2026\n\nLOS ANGELES, Sept. 28, 2026 /PRNewswire/ -- Schall, Brown & Schwartz LLP\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4783749-1&h=3873791534&u=https%3A%2F%2Fschallfirm.com%2F&a=Schall%2C+Brown+%26+Schwartz+LLP)\n (\"SBS\"), a national shareholder rights litigation firm, reminds investors of\na class action lawsuit against Rackspace Technology, Inc. (\"Rackspace\" or\n\"the Company\") (NASDAQ: RXT\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4783749-1&h=4248754480&u=https%3A%2F%2Ffinance.yahoo.com%2Fquote%2FRXT&a=RXT)\n) for 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://edge.prnewswire.com/c/link/?t=0&l=en&o=4783749-1&h=1751828624&u=https%3A%2F%2Fschallfirm.com%2Fcases%2Frackspace-technology-inc-2%2F&a=click+here+to+participate)\n.\n\nCASE DETAILS: According to the Complaint, the Company made false and\nmisleading statements to the market. Rackspace's enterprise AI business caused\nit to move investment and capacity away from its profitable Private Cloud\nbusiness. The Company's Private Cloud revenue declined as customers\ntransitioned to hyperscale platforms. The Company's fiscal 2026 revenue would\nbe significantly impacted by these market challenges. Based on these facts,\nthe 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\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4783749-1&h=2877962840&u=http%3A%2F%2Fpr.report%2FmIwBkOrU&a=www.schallfirm.com)\n, or by email at david@schallfirm.com (mailto: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://edge.prnewswire.com/c/link/?t=0&l=en&o=4783749-1&h=2278903606&u=https%3A%2F%2Fschallfirm.com%2Fcases%2Frackspace-technology-inc-2%2F&a=Join+the+case)\n to recover your losses\n\nWHY SBS? Schall, Brown & Schwartz LLP represents investors around the\nworld and specializes in securities class action lawsuits and shareholder\nrights litigation. Bringing together the extensive experience and diverse\nskillsets of founding partners Brian Schall, Andrew Brown, and David Schwartz,\nSBS is dedicated 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\nethics.\n\nCONTACT:\n\nSchall, Brown & Schwartz LLP\nBrian Schall, Esq.,\n\nAndrew Brown, Esq.,\n\nDavid Schwartz, Esq.,\nwww.schallfirm.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4783749-1&h=1637354631&u=http%3A%2F%2Fwww.schallfirm.com%2F&a=www.schallfirm.com)\n\nOffice: 310-301-3335\n\ninfo@schallfirm.com (mailto:info@schallfirm.com)\n\nView original\ncontent:https://www.prnewswire.com/news-releases/rxt-investors-have-opportunity-to-lead-rackspace-technology-inc-securities-fraud-lawsuit-with-sbs-law-302891024.html\n(https://www.prnewswire.com/news-releases/rxt-investors-have-opportunity-to-lead-rackspace-technology-inc-securities-fraud-lawsuit-with-sbs-law-302891024.html)\n\nSOURCE Schall, Brown & Schwartz LLP\n\n\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-09-28T06:12:00.091081165Z","server_sent_at_ms":1790575920091},"received_at":"2026-09-28T06:12:00.142Z","source_url":"https://www.prnewswire.com/news-releases/rxt-investors-have-opportunity-to-lead-rackspace-technology-inc-securities-fraud-lawsuit-with-sbs-law-302891024.html"},"analysis":{"id":"142393","press_release_id":"153596","analysis_json":{"industry":{"label":"IT Services","sector":"Information Technology"},"redFlags":["securities fraud allegations reference declining Private Cloud revenue and material FY26 revenue impact from AI investment shift"],"eventType":"legal_litigation","narrative":"Schall, Brown & Schwartz LLP issued a shareholder-solicitation notice reminding RXT investors of a lead-plaintiff deadline in a securities fraud class action; no new disclosure from Rackspace itself.\n\nThe complaint alleges Rackspace misled investors about AI investment cannibalizing its profitable Private Cloud business and materially impacting fiscal 2026 revenue.\n\nThis is law-firm marketing under attorney-advertising rules, not an issuer disclosure; treat as low-signal noise, though the allegations touch on revenue deterioration already flagged in the class period.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Plaintiff-firm solicitation -- suppress."},"keyFigures":{"customDimensions":{"class_period":"May 7, 2026 to July 8, 2026","lead_plaintiff_deadline":"September 28, 2026"}},"quotedText":"The Company's Private Cloud revenue declined as customers transitioned to hyperscale platforms.","namedEntities":{"people":[{"name":"Brian Schall","role":"founding partner"},{"name":"David Schwartz","role":"founding partner"},{"name":"Andrew Brown","role":"founding partner"}],"products":[],"companies":[{"name":"Rackspace Technology, Inc.","ticker":"RXT","relationship":"litigation target"},{"name":"Schall, Brown & Schwartz LLP","relationship":"plaintiff law firm"}],"dollarAmounts":[]},"materialImpact":{"score":1,"reasoning":"Plaintiff law-firm solicitation issued by Schall, Brown & Schwartz LLP reminding investors of a lead-plaintiff deadline. No issuer disclosure, no certified class, and no settlement announced."},"tickerRelevance":{"others":[],"primary":"RXT"},"globalImportance":15,"audienceRelevance":12,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false}},"event_type":"legal_litigation","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"Schall, Brown & Schwartz LLP issued a shareholder-solicitation notice reminding RXT investors of a lead-plaintiff deadline in a securities fraud class action; no new disclosure from Rackspace itself.\n\nThe complaint alleges Rackspace misled investors about AI investment cannibalizing its profitable Private Cloud business and materially impacting fiscal 2026 revenue.\n\nThis is law-firm marketing under attorney-advertising rules, not an issuer disclosure; treat as low-signal noise, though the allegations touch on revenue deterioration already flagged in the class period.","key_figures":{"customDimensions":{"class_period":"May 7, 2026 to July 8, 2026","lead_plaintiff_deadline":"September 28, 2026"}},"named_entities":{"people":[{"name":"Brian Schall","role":"founding partner"},{"name":"David Schwartz","role":"founding partner"},{"name":"Andrew Brown","role":"founding partner"}],"products":[],"companies":[{"name":"Rackspace Technology, Inc.","ticker":"RXT","relationship":"litigation target"},{"name":"Schall, Brown & Schwartz LLP","relationship":"plaintiff law firm"}],"dollarAmounts":[]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-28T06:12:05.126Z","global_importance":15,"audience_relevance":12,"importance_components":{"tickerTier":"small-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false}},"durationMs":4906,"modelName":"glm-5.3-flashx"}}