Kaplan Fox Shareholder Alert: Deadline to Lead in the Securities Fraud Lawsuit Against Rackspace Technology, Inc. (NASDAQ: RXT) is September 28, 2026

Kaplan Fox & Kilsheimer LLP issued a shareholder alert tied to a securities fraud class action against Rackspace Technology, Inc. (NASDAQ: RXT). The notice, dated Aug. 12, 2026, says the lawsuit represents investors who purchased or acquired Rackspace securities between May 7, 2026 and July 8, 2026. The key procedural deadline for proposed lead plaintiffs is September 28, 2026, according to the firm. The complaint alleges that during the class period, defendants made false and misleading statements and failed to disclose that Rackspace’s enterprise AI efforts would require reprioritizing capacity and capital away from its Private Cloud segment, while Public Cloud revenue was declining and could reduce related infrastructure resale business. The filing also claims fiscal year 2026 revenue impact.