Richtech Robotics Faces Class Action Lawsuit
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Should l Buy RR?
Source: PRnewswire
- Class Action Initiation: Purchasers of Richtech Robotics Inc. (NASDAQ:RR) securities between January 27 and January 29, 2026, have until April 3, 2026, to seek lead plaintiff status in a class action lawsuit alleging violations of the Securities Exchange Act of 1934 by the company and its executives.
- Stock Price Plunge: Following a January 29, 2026 article from Hunterbrook Media stating Microsoft denied any partnership with Richtech, the price of Richtech Robotics Class B stock fell over 29% within two trading days, indicating significant market concerns regarding the company's credibility.
- Legal Process Overview: Under the Private Securities Litigation Reform Act of 1995, any investor who purchased Richtech securities during the class period can apply to be the lead plaintiff, representing all class members and selecting a law firm for litigation.
- Robbins Geller Profile: Robbins Geller Rudman & Dowd LLP is a leading complex class action firm, recovering over $916 million for investors in 2025 alone, and a total of $8.4 billion over the past five years, highlighting its dominance in securities fraud and shareholder rights litigation.
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About RR
Richtech Robotics Inc. is a developer of advanced robotic technologies focused on transforming labor-intensive services in hospitality and other sectors. The Company designs, manufactures and sells robots to restaurants, hotels, senior living centers, casinos, factories, movie theaters and other businesses. Its robots perform a variety of services, including restaurant running and bussing, hotel room service delivery, floor scrubbing and vacuuming, and beverage and food preparation. Its products are categorized into three kinds of service automation: indoor transport and delivery, sanitation, and food and beverage automation. The majority of its robots can be characterized as Autonomous Mobile Robots (AMRs). The Company's robots include ADAM, Scorpion, Matradee, Medbot, Titan, Skylark, and DUST-E, among others. ADAM is a food and beverage automation robot developed on the NVIDIA Jetson Orin platform. Scorpion is developed on the same architecture as ADAM.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Richtech Robotics Faces Class Action Lawsuit
- Class Action Initiation: Purchasers of Richtech Robotics Inc. (NASDAQ:RR) securities between January 27 and January 29, 2026, have until April 3, 2026, to seek lead plaintiff status in a class action lawsuit alleging violations of the Securities Exchange Act of 1934 by the company and its executives.
- Stock Price Plunge: Following a January 29, 2026 article from Hunterbrook Media stating Microsoft denied any partnership with Richtech, the price of Richtech Robotics Class B stock fell over 29% within two trading days, indicating significant market concerns regarding the company's credibility.
- Legal Process Overview: Under the Private Securities Litigation Reform Act of 1995, any investor who purchased Richtech securities during the class period can apply to be the lead plaintiff, representing all class members and selecting a law firm for litigation.
- Robbins Geller Profile: Robbins Geller Rudman & Dowd LLP is a leading complex class action firm, recovering over $916 million for investors in 2025 alone, and a total of $8.4 billion over the past five years, highlighting its dominance in securities fraud and shareholder rights litigation.
See More
Multiple Companies Face Class Action Lawsuits
- Richtech Robotics Class Action: Richtech Robotics Inc. is facing allegations of making false statements during the class period from January 27 to January 29, 2026, misleading investors about the company's business prospects, with a lead plaintiff deadline set for April 3, 2026.
- Picard Medical Allegations: Picard Medical, Inc. is accused of being involved in a fraudulent stock promotion scheme from September 2 to October 31, 2025, which misled shareholders, and investors must file for lead plaintiff status by April 3, 2026.
- Plug Power Misrepresentation: Plug Power, Inc. is under scrutiny for overstating the availability of funds related to a DOE loan during the period from January 17 to November 13, 2025, leading to misleading expectations about future projects, with a deadline for lead plaintiff applications on April 3, 2026.
- Legal Consultation Reminder: The Law Offices of Frank R. Cruz encourage investors who suffered losses during these periods to contact them for legal advice to ensure their rights are protected in the class actions.
See More
Faruqi & Faruqi Investigates Richtech Investor Losses
- Legal Investigation Launched: Faruq & Faruqi LLP is investigating potential claims against Richtech Robotics Inc., focusing on investors who purchased securities between January 27 and January 29, 2026, indicating possible legal risks for the company.
- Investor Rights Reminder: The firm reminds investors that April 3, 2026, is the deadline to seek the role of lead plaintiff in a federal securities class action, emphasizing the importance of investor participation in legal proceedings.
- Direct Contact Channels: Securities Litigation Partner Josh Wilson encourages affected investors to contact him directly, providing phone numbers for discussions about their legal rights, demonstrating a commitment to client support.
- Potential Impact Assessment: This investigation may negatively affect Richtech's stock price and investor confidence, prompting investors to closely monitor developments to safeguard their interests.
See More
Class Action Filed Against Richtech Robotics Inc.
- Class Action Initiated: Berger Montague PC has announced a class action lawsuit against Richtech Robotics Inc. on behalf of investors who purchased securities between January 27 and January 29, 2026, reflecting investor dissatisfaction with the company's alleged misrepresentations.
- False Representation Allegations: The lawsuit claims that during this period, Richtech falsely asserted that its relationship with Microsoft was a 'hands-on collaboration,' while Microsoft characterized it merely as a 'standard customer program,' revealing misconduct in the company's market communications.
- Stock Price Plummet: Following Hunterbrook Media's January 29, 2026 article revealing Microsoft's denial of partnership, Richtech's stock price plummeted from $5.08 per share on January 28 to $3.58 per share by January 30, marking a nearly 30% decline that significantly impacted investors.
- Investor Rights Protection: Investors must seek to be appointed as lead plaintiffs by April 3, 2026, to protect their rights, underscoring the importance of legal actions in safeguarding investor interests.
See More
Richtech Robotics Hit with Securities Class Action Lawsuit
- Stock Price Plunge: Following Microsoft's denial of a commercial partnership with Richtech, the company's shares plummeted over 20% on January 29, 2026, severely undermining investor confidence and triggering a significant market reaction.
- Lawsuit Context: Hagens Berman has initiated a securities class action lawsuit against Richtech, alleging that the company misled investors regarding its purported collaboration with Microsoft in a press release issued on January 27, 2026.
- Investor Losses: The lawsuit seeks to represent investors who purchased Richtech securities between January 27 and January 29, 2026, aiming for compensation for substantial losses incurred due to the stock price drop, with a lead plaintiff deadline set for April 3, 2026.
- Investigation Launched: Hagens Berman is investigating whether Richtech intentionally misled investors to facilitate a dilutive equity raise, potentially involving a new form of
See More
Richtech Robotics Faces Securities Fraud Class Action
- Lawsuit Background: Richtech Robotics Inc. is facing a securities fraud class action for allegedly misrepresenting its relationship with Microsoft during the period from January 27 to 29, 2026, which misled investors about the company's business prospects and affected stock performance.
- Stock Price Volatility: Following the announcement of a supposed collaboration with Microsoft on January 27, 2026, Richtech's stock surged by 44.6%, from $3.81 to $5.51, but subsequently dropped by 7.8% to $5.08 on January 28 due to private placement news, indicating market sensitivity to company announcements.
- Investor Rights: Investors must apply for lead plaintiff status by April 3, 2026, to represent others in the lawsuit, as the lead plaintiff will significantly influence litigation strategy and settlement, underscoring the importance of timely action.
- Legal Firm Involvement: Kirby McInerney LLP is urging affected investors to contact their attorneys to discuss their rights at no cost, highlighting the critical role of legal support in protecting investor interests.
See More
Richtech Robotics Faces Class Action Lawsuit
- Class Action Initiation: Purchasers of Richtech Robotics Inc. (NASDAQ:RR) securities between January 27 and January 29, 2026, have until April 3, 2026, to seek lead plaintiff status in a class action lawsuit alleging violations of the Securities Exchange Act of 1934 by the company and its executives.
- Stock Price Plunge: Following a January 29, 2026 article from Hunterbrook Media stating Microsoft denied any partnership with Richtech, the price of Richtech Robotics Class B stock fell over 29% within two trading days, indicating significant market concerns regarding the company's credibility.
- Legal Process Overview: Under the Private Securities Litigation Reform Act of 1995, any investor who purchased Richtech securities during the class period can apply to be the lead plaintiff, representing all class members and selecting a law firm for litigation.
- Robbins Geller Profile: Robbins Geller Rudman & Dowd LLP is a leading complex class action firm, recovering over $916 million for investors in 2025 alone, and a total of $8.4 billion over the past five years, highlighting its dominance in securities fraud and shareholder rights litigation.
See More
Multiple Companies Face Class Action Lawsuits
- Richtech Robotics Class Action: Richtech Robotics Inc. is facing allegations of making false statements during the class period from January 27 to January 29, 2026, misleading investors about the company's business prospects, with a lead plaintiff deadline set for April 3, 2026.
- Picard Medical Allegations: Picard Medical, Inc. is accused of being involved in a fraudulent stock promotion scheme from September 2 to October 31, 2025, which misled shareholders, and investors must file for lead plaintiff status by April 3, 2026.
- Plug Power Misrepresentation: Plug Power, Inc. is under scrutiny for overstating the availability of funds related to a DOE loan during the period from January 17 to November 13, 2025, leading to misleading expectations about future projects, with a deadline for lead plaintiff applications on April 3, 2026.
- Legal Consultation Reminder: The Law Offices of Frank R. Cruz encourage investors who suffered losses during these periods to contact them for legal advice to ensure their rights are protected in the class actions.
See More
Faruqi & Faruqi Investigates Richtech Investor Losses
- Legal Investigation Launched: Faruq & Faruqi LLP is investigating potential claims against Richtech Robotics Inc., focusing on investors who purchased securities between January 27 and January 29, 2026, indicating possible legal risks for the company.
- Investor Rights Reminder: The firm reminds investors that April 3, 2026, is the deadline to seek the role of lead plaintiff in a federal securities class action, emphasizing the importance of investor participation in legal proceedings.
- Direct Contact Channels: Securities Litigation Partner Josh Wilson encourages affected investors to contact him directly, providing phone numbers for discussions about their legal rights, demonstrating a commitment to client support.
- Potential Impact Assessment: This investigation may negatively affect Richtech's stock price and investor confidence, prompting investors to closely monitor developments to safeguard their interests.
See More
Class Action Filed Against Richtech Robotics Inc.
- Class Action Initiated: Berger Montague PC has announced a class action lawsuit against Richtech Robotics Inc. on behalf of investors who purchased securities between January 27 and January 29, 2026, reflecting investor dissatisfaction with the company's alleged misrepresentations.
- False Representation Allegations: The lawsuit claims that during this period, Richtech falsely asserted that its relationship with Microsoft was a 'hands-on collaboration,' while Microsoft characterized it merely as a 'standard customer program,' revealing misconduct in the company's market communications.
- Stock Price Plummet: Following Hunterbrook Media's January 29, 2026 article revealing Microsoft's denial of partnership, Richtech's stock price plummeted from $5.08 per share on January 28 to $3.58 per share by January 30, marking a nearly 30% decline that significantly impacted investors.
- Investor Rights Protection: Investors must seek to be appointed as lead plaintiffs by April 3, 2026, to protect their rights, underscoring the importance of legal actions in safeguarding investor interests.
See More
Richtech Robotics Hit with Securities Class Action Lawsuit
- Stock Price Plunge: Following Microsoft's denial of a commercial partnership with Richtech, the company's shares plummeted over 20% on January 29, 2026, severely undermining investor confidence and triggering a significant market reaction.
- Lawsuit Context: Hagens Berman has initiated a securities class action lawsuit against Richtech, alleging that the company misled investors regarding its purported collaboration with Microsoft in a press release issued on January 27, 2026.
- Investor Losses: The lawsuit seeks to represent investors who purchased Richtech securities between January 27 and January 29, 2026, aiming for compensation for substantial losses incurred due to the stock price drop, with a lead plaintiff deadline set for April 3, 2026.
- Investigation Launched: Hagens Berman is investigating whether Richtech intentionally misled investors to facilitate a dilutive equity raise, potentially involving a new form of
See More
Richtech Robotics Faces Securities Fraud Class Action
- Lawsuit Background: Richtech Robotics Inc. is facing a securities fraud class action for allegedly misrepresenting its relationship with Microsoft during the period from January 27 to 29, 2026, which misled investors about the company's business prospects and affected stock performance.
- Stock Price Volatility: Following the announcement of a supposed collaboration with Microsoft on January 27, 2026, Richtech's stock surged by 44.6%, from $3.81 to $5.51, but subsequently dropped by 7.8% to $5.08 on January 28 due to private placement news, indicating market sensitivity to company announcements.
- Investor Rights: Investors must apply for lead plaintiff status by April 3, 2026, to represent others in the lawsuit, as the lead plaintiff will significantly influence litigation strategy and settlement, underscoring the importance of timely action.
- Legal Firm Involvement: Kirby McInerney LLP is urging affected investors to contact their attorneys to discuss their rights at no cost, highlighting the critical role of legal support in protecting investor interests.
See More
