Richtech Robotics Faces Wave of Securities Suits Over Microsoft Claims as Lead Plaintiff Deadline Nears

Overview

• New notices from DJS Law Group, the Schall Law Firm, and Berger Montague on March 12 highlight the contest to lead the case and reaffirm the April 3, 2026 deadline.
• Complaints allege Richtech misled the market by portraying a commercial or collaborative relationship with Microsoft that Microsoft characterized as a standard, non‑commercial lab engagement.
• Richtech’s January 27 press release preceded a roughly 30% stock surge, a January 28 at‑the‑market sale of about 8.5 million Class B shares, and a drop of more than 20% on January 29 after a critical report.
• Filed suits assert violations of Sections 10(b) and 20(a) of the Exchange Act and SEC Rule 10b‑5, and no class has been certified at this early stage.
• Hagens Berman says it is investigating whether investors were intentionally misled to facilitate the equity raise and whether the episode reflects potential AI washing.