#San Francisco #Securities Class Action #Microsoft #Richtech Robotics

Richtech Robotics Faces Securities Class Action

Richtech Robotics (NASDAQ: RR) has found itself embroiled in a securities class action lawsuit, following a significant drop in its share price after Hunterbrook Media reported that Microsoft had denied a partnership with the robotics company. The report was published on January 29, 2026, and within hours, investors witnessed a tumultuous decline of over 20% in Richtech's stock value.

Background of the Lawsuit

The lawsuit represents investors who acquired Richtech securities between January 27 and January 29, 2026. The claims primarily focus on Richtech's alleged failure to provide accurate information regarding its collaborations with Microsoft. On January 27, Richtech proudly announced its supposed collaboration with Microsoft’s AI Co-Innovation Labs, suggesting a robust commercial relationship that propelled Richtech shares up by 30%. This announcement was highlighted by CEO Wayne Huang, who stated that their partnership reflected a mutual commitment to deploy innovative AI solutions into practical applications.

However, the optimism proved short-lived. Just a day later, as part of its funding efforts, Richtech announced a dilutive private placement of $8.5 million worth of Class B common shares, raising eyebrows among veteran investors.

The Discrepancy in Claims

On January 29, Hunterbrook Media published a contrasting report revealing Microsoft's position on the matter. Microsoft characterized its engagement with Richtech as a