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GlobeNewswire Inc.GlobeNewswire Inc.··Hagens Berman

Richtech Robotics Faces Securities Lawsuit Over Disputed Microsoft Partnership Claims

Richtech Robotics faces securities lawsuit after Microsoft denied commercial partnership claimed in January press release. Stock surged 30% then fell 20% following the clarification.
MSFTRRsecurities fraudclass action lawsuit
GlobeNewswire Inc.GlobeNewswire Inc.··Hagens Berman

Richtech Robotics Faces Securities Lawsuit Over Microsoft Partnership Claims

Richtech Robotics faces securities lawsuit after overstating Microsoft partnership, causing 30% stock surge followed by 20% decline when Microsoft clarified limited engagement.
MSFTRRsecurities class actionmisleading statements