#United States #San Francisco #Microsoft #Hagens Berman #Richtech Robotics

Richtech Robotics Under Fire: Recent Class Action Lawsuit

Richtech Robotics (NASDAQ: RR) has found itself the center of a significant securities class action lawsuit, following troubling reports about its business practices. On January 29, 2026, Hunterbrook Media revealed that Microsoft had denied any commercial partnership with Richtech. This denial drove the price of Richtech's shares down over 20% within a day, highlighting the potentially severe repercussions of this revelation.

The lawsuit seeks to represent shareholders who bought or acquired Richtech securities between January 27 and January 29, 2026. The significant drop in share prices correlates directly with the newly emerged details about the supposed partnership that Richtech had previously hyped.

The Allegations

The core of the lawsuit revolves around claims that Richtech misled investors by presenting an exaggerated portrayal of its collaboration with Microsoft. On January 27, Richtech had issued an optimistic press release announcing a partnership with Microsoft through their AI Co-Innovation Labs aimed at developing cutting-edge artificial intelligence technologies for robotic systems. The resulting public perception was one of a robust commercial relationship, which consequently caused Richtech's stock to surge by 30%.

However, the situation took a drastic turn just two days later. In a report by Hunterbrook Media, Microsoft asserted that the engagement with Richtech was merely a standard customer program devoid of any commercial dimensions. A representative from Microsoft clarified, stating, "there is no commercial element in this lab engagement" and described Richtech's announced collaboration as participation in a no-cost prototyping program accessible to its customers.

Hagens Berman's Investigation

The national shareholder rights law firm Hagens Berman is at the forefront of this situation, launching an investigation focused on whether Richtech violated federal securities laws. The firm's lead partner, Reed Kathrein, expressed concerns about whether Richtech intentionally misled investors to facilitate a dilutive equity raise, suggesting that this may represent a new form of 'AI washing'.

Investors who incurred significant losses during this timeline are encouraged to reach out to Hagens Berman to discuss their rights and possible actions. The firm implies that swift investor reaction and precise communication of facts are essential in such cases to safeguard shareholder interests.

Class Action Filing Details

The class action covers transactions made between January 27 and January 29, with a deadline for lead plaintiffs set for April 3, 2026. As developments unfold, Hagens Berman continues to gather information from affected investors while also securing insights from whistleblowers who might possess non-public information regarding Richtech's dealings.

For investors uncertain about their standing, resources are available through Hagens Berman's dedicated case page, where they can file claims and access video summaries elucidating the ongoing investigation's particulars.

Conclusion

The unfolding circumstances surrounding Richtech Robotics serve as a stark reminder of the volatility within the tech sector, particularly as companies grappling with emerging AI technologies navigate complex relationships with established giants like Microsoft. As the situation progresses, investors are advised to stay informed and vigilant about their investments, especially in light of this potential legal fallout. Those affected by the recent changes in Richtech's market performance are no doubt anxious to see how this class action will resolve and what implications it holds for the tech industry at large.