SAN FRANCISCO, March 21, 2026 (GLOBE NEWSWIRE) — Richtech Robotics (NASDAQ: RR)<\/strong> has been hit with a securities class action lawsuit after Hunterbrook Media <\/em>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.<\/p>\n The severe market reaction has prompted national shareholder rights law firm Hagens Berman to open an investigation into the complaint\u2019s 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<\/strong>.<\/a><\/p>\n DEEP DIVE ANALYIS: <\/strong>Visit Hagens Berman\u2019s dedicated RR case page: www.hbsslaw.com\/cases\/richtech<\/strong><\/a>, <\/strong>or view our latest video summary of the allegations: https:\/\/youtu.be\/AppqqsbKsCc<\/strong><\/a><\/p>\n Class Period: <\/strong>Jan. 27, 2026 \u2013 Jan. 29, 2026 Richtech Robotics (RR) Securities Class Action: <\/strong><\/p>\n The lawsuit is focused on the propriety of Richtech\u2019s statements concerning its AI-driven robot business.<\/p>\n More specifically, on January 27, 2026, Richtech issued a press release touting \u201ca 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.\u201d CEO Wayne Huang emphasized, \u201c[o]ur collaboration with Microsoft reflects a shared focus on applying advanced AI to practical, real-world use cases.\u201d<\/p>\n 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.<\/p>\n 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.<\/p>\n The complaint alleges that Richtech misled investors into believing that it had a meaningful collaborative and commercial relationship with Microsoft when it did not. According to Hunterbrook\u2019s<\/em> reporting, a Microsoft representative said \u201c\u2018[t]here is no commercial element in this lab engagement.\u2019\u201d The report also highlighted that \u201cthe \u2018collaboration\u2019 Richtech announced appears to be participation in a free prototyping program available to Microsoft customers \u2013 not a commercial partnership.\u201d<\/p>\n The market swiftly reacted to this news, sending the price of Richtech shares spiraling over 20% lower on huge volume that day.<\/p>\n \u201cWe\u2019re 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,\u201d said Reed Kathrein<\/strong>, the Hagens Berman partner leading the firm\u2019s investigation.<\/p>\n If you invested in Richtech and have substantial losses, or have knowledge that may assist the firm\u2019s investigation, submit your losses now<\/a> \u00bb<\/p>\n If you\u2019d like more information and answers to other frequently asked questions about the Richtech case and our investigation, read more<\/a> \u00bb<\/a><\/p>\n Whistleblowers: <\/strong>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<\/strong> or email RR@hbsslaw.com<\/a>.<\/p>\n About Hagens Berman<\/a> Contact: <\/u> SAN FRANCISCO, March 21, 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 […]<\/p>\n","protected":false},"author":3,"featured_media":405697,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/ml.globenewswire.com\/Resource\/Download\/2c81cd72-0ffb-43c9-9d0f-b622c3e44e43","fifu_image_alt":"","footnotes":""},"categories":[57166],"tags":[],"class_list":["post-405696","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-globenewswire"],"acf":[],"_links":{"self":[{"href":"https:\/\/dailybanglanewspapers.com\/news\/wp-json\/wp\/v2\/posts\/405696","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailybanglanewspapers.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailybanglanewspapers.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailybanglanewspapers.com\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/dailybanglanewspapers.com\/news\/wp-json\/wp\/v2\/comments?post=405696"}],"version-history":[{"count":0,"href":"https:\/\/dailybanglanewspapers.com\/news\/wp-json\/wp\/v2\/posts\/405696\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailybanglanewspapers.com\/news\/wp-json\/wp\/v2\/media\/405697"}],"wp:attachment":[{"href":"https:\/\/dailybanglanewspapers.com\/news\/wp-json\/wp\/v2\/media?parent=405696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailybanglanewspapers.com\/news\/wp-json\/wp\/v2\/categories?post=405696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailybanglanewspapers.com\/news\/wp-json\/wp\/v2\/tags?post=405696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Lead Plaintiff Deadline: <\/strong>Apr. 3, 2026
Visit:<\/strong> www.hbsslaw.com\/investor-fraud\/rr<\/a>
Contact the Firm Now:<\/strong> RR@hbsslaw.com<\/a>
\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0844-916-0895<\/strong><\/p>\n
Investors\u2019 hopes related to Richtech\u2019s January 27 announcement were dashed two days later. On January 29, 2026, Hunterbrook Media<\/em> published \u201cBreaking: Microsoft Denies Partnership With Richtech Robotics,\u201d reporting that \u201cMicrosoft tells Hunterbrook Media the engagement was a \u2018standard\u2019 customer program with \u2018no commercial element.\u2019\u201d<\/p>\n
Hagens Berman is a global plaintiffs\u2019 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\u2019s team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at\u00a0hbsslaw.com<\/a>. Follow the firm for updates and news at\u00a0@ClassActionLaw<\/a>.\u00a0<\/p>\n
Reed Kathrein, 844-916-0895<\/p>\n![\"\"](\"https:\/\/ml.globenewswire.com\/media\/NTFmMjAwNjUtMjg1MC00NjBlLWFmN2QtMzg2ZWRlYjU5MzAxLTEwMzAxMDUtMjAyNi0wMy0yMS1lbg==\/tiny\/Hagens-Berman-Sobol-Shapiro-LL.png\")
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