SAN FRANCISCO, April 02, 2026 (GLOBE NEWSWIRE) — Richtech Robotics (NASDAQ: RR) has been hit with a securities class action lawsuit after Hunterbrook Media reported on January 29, 2026 that Microsoft denied a commercial partnership with Richtech, sending the price of Richtech shares down over 20% that day. The lawsuit seeks to represent investors who purchased or otherwise acquired Richtech securities between January 27, 2026 and January 29, 2026.
The severe market reaction has prompted national shareholder rights law firm Hagens Berman to open an investigation into the complaint’s claims that Richtech violated the federal securities laws. The firm urges Richtech investors who suffered significant losses to contact the firm now to discuss their rights.
DEEP DIVE ANALYIS: Visit Hagens Berman’s dedicated RR case page: www.hbsslaw.com/cases/richtech, or view our latest video summary of the allegations: https://youtu.be/AppqqsbKsCc
Class Period: Jan. 27, 2026 – Jan. 29, 2026
Lead Plaintiff Deadline: Apr. 3, 2026
Visit: www.hbsslaw.com/investor-fraud/rr
Contact the Firm Now: [email protected]
844-916-0895
Richtech Robotics (RR) Securities Class Action:
The lawsuit is focused on the propriety of Richtech’s statements concerning its AI-driven robot business.
More specifically, on January 27, 2026, Richtech issued a press release touting “a hands-on collaboration with Microsoft through the Microsoft AI Co-Innovation Labs to jointly develop and deploy agentic artificial intelligence capabilities in real-world robotic systems.” CEO Wayne Huang emphasized, “[o]ur collaboration with Microsoft reflects a shared focus on applying advanced AI to practical, real-world use cases.”
This news implying a meaningful commercial relationship between the two companies sent the price of Richtech shares soaring 30% higher on huge volume that day.
Then, on January 28, 2026, the company announced a dilutive at-the-market private placement with an institutional investor of 8.5 million Class B common shares.
The complaint alleges that Richtech misled investors into believing that it had a meaningful collaborative and commercial relationship with Microsoft when it did not.
Investors’ hopes related to Richtech’s January 27 announcement were dashed two days later. On January 29, 2026, Hunterbrook Media published “Breaking: Microsoft Denies Partnership With Richtech Robotics,” reporting that “Microsoft tells Hunterbrook Media the engagement was a ‘standard’ customer program with ‘no commercial element.’”
According to Hunterbrook’s reporting, a Microsoft representative said “‘[t]here is no commercial element in this lab engagement.’” The report also highlighted that “the ‘collaboration’ Richtech announced appears to be participation in a free prototyping program available to Microsoft customers – not a commercial partnership.”
The market swiftly reacted to this news, sending the price of Richtech shares spiraling over 20% lower on huge volume that day.
“We’re focused on whether Richtech may have intentionally misled investors in order to accomplish the dilutive equity raise and whether the developments are a new flavor of AI washing,” said Reed Kathrein, the Hagens Berman partner leading the firm’s investigation.
If you invested in Richtech and have substantial losses, or have knowledge that may assist the firm’s investigation, submit your losses now »
If you’d like more information and answers to other frequently asked questions about the Richtech case and our investigation, read more »
Whistleblowers: Persons with non-public information regarding Richtech should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].
About Hagens Berman
Hagens Berman is a global plaintiffs’ rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman’s team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.
Contact:
Reed Kathrein, 844-916-0895
A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/55711a8f-f520-43fe-810b-9dedfed9e9db
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/64634a73-f30c-4c58-b36f-6dded45c6611