New York, New York--(Newsfile Corp. - August 3, 2026) - Kaplan Fox &amp; Kilsheimer LLP announces that a class action lawsuit has been filed against Rackspace Technology, Inc. (&#34;Rackspace&#34; or the

<p>New York, New York--(Newsfile Corp. - August 3, 2026) - <a href="https://api.newsfilecorp.com/redirect/wEQYrUrPx2">Kaplan Fox &#38; Kilsheimer LLP</a> announces that a class action lawsuit has been filed against Rackspace Technology, Inc. ("Rackspace" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/RXT">RXT</a>) on behalf of investors that purchased or otherwise acquired Rackspace securities between May 7, 2026 and July 8, 2026 (the "Class Period").</p><p style="text-align: center;"><a href="https://api.newsfilecorp.com/redirect/gJg8bhNPXo">CLICK HERE TO JOIN THE CASE</a></p><p><b>If you are an investor in Rackspace and have suffered losses, you may </b><a href="https://api.newsfilecorp.com/redirect/ppVJZi3KJY"><b>CLICK HERE</b></a><b> to contact us. You may also contact Kaplan Fox by emailing </b><a href="mailto:pmayer@kaplanfox.com"><b>pmayer@kaplanfox.com</b></a><b> or by calling (646) 315-9003.</b></p><p><b>DEADLINE REMINDER: </b>If you are a member of the proposed Class, you may move the court <u><b>no later than September 28, 2026</b></u> to serve as a lead plaintiff for the purported class.  If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.</p><p>The complaint alleges, throughout the Class Period Defendants made false and misleading statements and failed to disclose to investors "(1) the Company's enterprise AI efforts would require Rackspace to significantly re-prioritize its capacity and capital away from the profitable Private Cloud segment; (2) that Rackspace's Public Cloud revenue was declining as customers contracted directly with hyperscale cloud platforms; (3) that, as a result, Rackspace was likely to significantly reduce a material portion of its Public Cloud infrastructure resale business; (4) as a result, the Company's fiscal year 2026 revenue would be significantly impacted; and (5) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis."</p><p><b>WHY CONTACT KAPLAN FOX?</b></p><p>Kaplan Fox &#38; Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.</p><p>Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in <i>In re Bank of America</i>&#8212;the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act&#8212;$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in <i>ATRS v. Allianz Global Investors</i>, and a $475 million settlement in <i>In re Merrill Lynch</i>.</p><p>For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.</p><p>This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes.</p><p>If you have any questions about this Notice, your rights, or your interests, please contact:</p><div id="contactInfo"><p><b>CONTACT:</b><br />Pamela A. Mayer<br /><a href="https://api.newsfilecorp.com/redirect/YEj4ZUxKmG">KAPLAN FOX &#38; KILSHEIMER LLP</a><br />800 Third Avenue, 38th Floor<br />New York, New York 10022<br />(646) 315-9003<br /><a href="mailto:pmayer@kaplanfox.com">pmayer@kaplanfox.com</a></p><p>Laurence D. King<br /><a href="https://api.newsfilecorp.com/redirect/0pAGDi5YAx">KAPLAN FOX &#38; KILSHEIMER LLP</a><br />1999 Harrison Street, Suite 1501<br />Oakland, California 94612<br />(415) 772-4704<br /><a href="mailto:lking@kaplanfox.com">lking@kaplanfox.com</a></p></div><p>Contacting or submitting information to Kaplan Fox &#38; Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.</p><p><a href="https://api.newsfilecorp.com/redirect/RYNyZiwvgX">https://www.kaplanfox.com/case/rackspace-technology-inc-class-action-alert-learn-more-now/</a></p><p id="corporateNewsLogoContainer"><img src="https://images.newsfilecorp.com/files/12532/307815_69f462d6d4772bb5_logo.jpg" id="corporateNewsLogo" alt="Corporate Logo" /></p><p id="corporateLinkBack">To view the source version of this press release, please visit <a href="https://api.newsfilecorp.com/redirect/WAzDZSn27x">https://www.newsfilecorp.com/release/307815</a></p><p><img src="https://api.newsfilecorp.com/newsinfo/307815/197" alt="" /></p>

Kaplan Fox Encourages Investors of Rackspace Technology, Inc. (RXT) Who Suffered Losses to Contact the Firm Before September 28, 2026

Rackspace Faces Class Action Over AI Strategy and 2026 Revenue Outlook

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>New York, New York--(Newsfile Corp. - August 3, 2026) - Kaplan Fox &amp;amp; Kilsheimer LLP announces that a class action lawsuit has been filed against Rackspace Technology, Inc. (&amp;#34;Rackspace&amp;#34; or the</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>A Kaplan Fox &amp; Kilsheimer suit alleges Rackspace misled investors about AI initiatives and 2026 revenue due to shifts from Private Cloud and declines in Public Cloud. The case could trigger near-term volatility and scrutiny of Rackspace&#039;s growth prospects, though outcomes depend on adjudication and proof of alleged misstatements.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Rackspace faces a class action over AI strategy and 2026 revenue risks.</li><li>Class period: May 7–July 8, 2026; lead plaintiff deadline Sept 28, 2026.</li><li>Allegations claim misstatements on AI priorities and public cloud decline.</li><li>Lawsuit could trigger near-term volatility; material impact unproven.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Rackspace Technology, Inc. (RXT)</strong>: Subject of the suit; potential litigation risk and revenue impact.</li><li><strong>Kaplan Fox &amp; Kilsheimer LLP</strong>: Plaintiff counsel; signals legal action specifics but not a public company.</li></ul>
  </section>

  <section data-block="category">
    <h3>Legal</h3>
    <p>This is a legal action news item; though not proven, it highlights litigation risk factors that could affect Rackspace&#039;s valuation and cost of capital.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Legal headlines could drive short-term price moves in RXT.</li><li>Lead plaintiff deadline Sept 28, 2026 may trigger trading activity.</li><li>Unproven damages and outcomes keep downside risk uncertain.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Class period: May 7, 2026 to July 8, 2026.</li><li>Lead plaintiff deadline: September 28, 2026.</li><li>Ticker: RXT (NASDAQ).</li><li>Plaintiff firm: Kaplan Fox &amp; Kilsheimer LLP.</li><li>Allegations: AI priorities and 2026 revenue impact.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>RXT may exhibit near-term volatility on lawsuit developments; no clear directional signal yet.</p>
  </section>
</section>


<p>New York, New York--(Newsfile Corp. - August 3, 2026) - <a href="https://api.newsfilecorp.com/redirect/wEQYrUrPx2">Kaplan Fox &#38; Kilsheimer LLP</a> announces that a class action lawsuit has been filed against Rackspace Technology, Inc. ("Rackspace" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/RXT">RXT</a>) on behalf of investors that purchased or otherwise acquired Rackspace securities between May 7, 2026 and July 8, 2026 (the "Class Period").</p><p style="text-align: center;"><a href="https://api.newsfilecorp.com/redirect/gJg8bhNPXo">CLICK HERE TO JOIN THE CASE</a></p><p><b>If you are an investor in Rackspace and have suffered losses, you may </b><a href="https://api.newsfilecorp.com/redirect/ppVJZi3KJY"><b>CLICK HERE</b></a><b> to contact us. You may also contact Kaplan Fox by emailing </b><a href="mailto:pmayer@kaplanfox.com"><b>pmayer@kaplanfox.com</b></a><b> or by calling (646) 315-9003.</b></p><p><b>DEADLINE REMINDER: </b>If you are a member of the proposed Class, you may move the court <u><b>no later than September 28, 2026</b></u> to serve as a lead plaintiff for the purported class.  If you have losses we encourage you to contact us to learn more about the lead plaintiff process. You need not seek to become a lead plaintiff in order to share in any possible recovery.</p><p>The complaint alleges, throughout the Class Period Defendants made false and misleading statements and failed to disclose to investors "(1) the Company's enterprise AI efforts would require Rackspace to significantly re-prioritize its capacity and capital away from the profitable Private Cloud segment; (2) that Rackspace's Public Cloud revenue was declining as customers contracted directly with hyperscale cloud platforms; (3) that, as a result, Rackspace was likely to significantly reduce a material portion of its Public Cloud infrastructure resale business; (4) as a result, the Company's fiscal year 2026 revenue would be significantly impacted; and (5) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis."</p><p><b>WHY CONTACT KAPLAN FOX?</b></p><p>Kaplan Fox &#38; Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.</p><p>Kaplan Fox is widely regarded as one of the nation's premier plaintiffs' securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in <i>In re Bank of America</i>&#8212;the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act&#8212;$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in <i>ATRS v. Allianz Global Investors</i>, and a $475 million settlement in <i>In re Merrill Lynch</i>.</p><p>For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.</p><p>This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes.</p><p>If you have any questions about this Notice, your rights, or your interests, please contact:</p><div id="contactInfo"><p><b>CONTACT:</b><br />Pamela A. Mayer<br /><a href="https://api.newsfilecorp.com/redirect/YEj4ZUxKmG">KAPLAN FOX &#38; KILSHEIMER LLP</a><br />800 Third Avenue, 38th Floor<br />New York, New York 10022<br />(646) 315-9003<br /><a href="mailto:pmayer@kaplanfox.com">pmayer@kaplanfox.com</a></p><p>Laurence D. King<br /><a href="https://api.newsfilecorp.com/redirect/0pAGDi5YAx">KAPLAN FOX &#38; KILSHEIMER LLP</a><br />1999 Harrison Street, Suite 1501<br />Oakland, California 94612<br />(415) 772-4704<br /><a href="mailto:lking@kaplanfox.com">lking@kaplanfox.com</a></p></div><p>Contacting or submitting information to Kaplan Fox &#38; Kilsheimer LLP does not create an attorney-client relationship, nor an obligation on the part of Kaplan Fox to retain you as a client.</p><p><a href="https://api.newsfilecorp.com/redirect/RYNyZiwvgX">https://www.kaplanfox.com/case/rackspace-technology-inc-class-action-alert-learn-more-now/</a></p><p id="corporateNewsLogoContainer"><img src="https://images.newsfilecorp.com/files/12532/307815_69f462d6d4772bb5_logo.jpg" id="corporateNewsLogo" alt="Corporate Logo" /></p><p id="corporateLinkBack">To view the source version of this press release, please visit <a href="https://api.newsfilecorp.com/redirect/WAzDZSn27x">https://www.newsfilecorp.com/release/307815</a></p><p><img src="https://api.newsfilecorp.com/newsinfo/307815/197" alt="" /></p>

A Kaplan Fox & Kilsheimer suit alleges Rackspace misled investors about AI initiatives and 2026 revenue due to shifts from Private Cloud and declines in Public Cloud. The case could trigger near-term volatility and scrutiny of Rackspace's growth prospects, though outcomes depend on adjudication and proof of alleged misstatements.

News insight

Kaplan Fox Encourages Investors of Rackspace Technology, Inc. (RXT) Who Suffered Losses to Contact the Firm Before September 28, 2026

AI summary

Sentiment rationale

Key facts

Legal