Richtech Robotics Inc. Class Action Lawsuit – RR

Introduction to Richtech Robotics Inc. (RR) Securities Class Action Lawsuit

A securities fraud class action has been filed against Richtech Robotics Inc. (NASDAQ: RR) in the U.S. District Court for the District of Nevada, alleging violations of the Securities Exchange Act of 1934, including Rule 10b-5.

The alleged class period runs from January 27, 2026 to 12:00 PM EST on January 29, 2026, inclusive. Investors allege the company misrepresented that it had a collaborative and commercial relationship with Microsoft Corporation, including a joint engineering effort through the Microsoft AI Co-Innovation Labs tied to Richtech's robots. On January 29, 2026, reporting by Hunterbrook Media revealed Microsoft denied any partnership or commercial collaboration, describing Richtech's involvement as a standard lab engagement with no commercial element. According to the complaint, investors suffered significant losses as Richtech's stock (NASDAQ: RR) reacted to the revelations.

“Most RR shareholders never file or join the class action, which means they miss out on potential recovery funds,” said Attorney Joseph Levi.

Richtech Robotics Inc. (RR) Securities Lawsuit Case Details

Case Name: Diez v. Richtech Robotics Inc. et al.

Case No.: 2:26-cv-00231

Jurisdiction: U.S. District Court, District of Nevada

Filed on: February 2, 2026

Richtech Robotics Inc. (RR) Company Profile

Richtech describes itself as a robotics and artificial intelligence technology company, based in Las Vegas, Nevada, focused on developing advanced embodied AI systems, including AI-driven service robots and robotic solutions for service industry automation that aim to improve customer engagement and the efficiency and productivity of U.S. businesses.

Richtech Robotics Inc. (RR) Securities Lawsuit Class Period

January 27, 2026-12:00 PM EST on January 29, 2026, inclusive.

All persons other than defendants who acquired the Company's securities, including purchasers of Class B common stock publicly traded on NASDAQ under ticker symbol NASDAQ: RR during the Class Period, and who were damaged thereby may be eligible to join the Richtech Robotics Inc. (RR) class action lawsuit.

Allegations in the Richtech Robotics Inc. (RR) Securities Class Action Lawsuit

The complaint targets Richtech Robotics Inc., CEO Wayne Huang, and CFO Michael Huang, asserting claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. Investors allege these defendants presented Richtech as having a collaborative and commercial relationship with Microsoft during the class period, mischaracterizing a standard customer program as a partnership and omitting material facts, shaping expectations for the company's business and prospects, and, as alleged, the January 27 announcement preceded a dilutive private placement of $38.7 million.

The narrative begins on January 27, 2026, when Richtech issued a press release titled "Richtech Robotics Collaborates with Microsoft to Advance Agentic AI in Real-World Robotics Applications," following a late Form 10-K filing on January 20, 2026. In the same release, Richtech stated it had a "joint engineering effort with Microsoft AI Co-Innovation Labs" that enhanced its ADAM robot and extended intelligent automation across physical environments.

That day, CEO Wayne Huang amplified the message, stating, "Our collaboration with Microsoft reflects a shared focus on applying advanced AI to practical, real-world use cases. By working closely with the Microsoft AI Co-Innovation Labs, our teams were able to jointly develop and deploy intelligent capabilities that strengthen reliability, enhance customer interactions, and support scalable automation across physical environments."

According to the complaint, these statements were materially false and misleading because there was no commercial collaboration or joint engineering effort with Microsoft, and the engagement was a standard customer program with no commercial element. Investors allege the company's claims about its business, operations, and prospects lacked a reasonable basis and concealed material facts about the true nature of the Microsoft relationship throughout the class period, thereby misleading investors in violation of federal securities laws.

The Truth Emerges

On January 29, 2026 at 12:00 PM EST, Hunterbrook Media investigative report detailed Microsoft's response to Richtech's claims. A Microsoft representative stated that Richtech "participated in an AI Co-Innovation Lab engagement, which is a standard customer engagement focused on exploring and prototyping AI solutions using Microsoft technologies. There is no commercial element in this lab engagement", clarifying there was no commercial partnership.

This disclosure directly contradicted Richtech's January 27 press release describing a collaboration and joint engineering effort and the alleged misrepresentation of a partnership. As the complaint recounts, Microsoft's denial revealed that what Richtech characterized as a partnership was participation in a standard, complimentary customer training program within the AI Co-Innovation Labs available to any Microsoft customers.

Market Reaction

The market responded quickly to the company's statements and the later revelations. On January 27, 2026, following Richtech's press release, its Class B common stock rose 44.6%, climbing from a prior close of $3.81 to $5.51, adding roughly $370 million in market capitalization.

When the Hunterbrook Media article relayed Microsoft's denial on January 29, 2026, the stock (NASDAQ: RR) fell $1.06, or 20.87%, closing at $4.02. The next day, January 30, 2026, shares declined another $0.44, or 10.9%, to close at $3.58-an overall two-session drop of $1.50, or 31.77%, after the reporting and the market's rapid correction to the alleged misstatements.

Next Steps

The Court will issue its order for lead plaintiff and counsel in the weeks after submissions are due.
The Court will then consider motion for class certification.
The Court will later consider a motion to dismiss.

Disclaimer: This shareholder alert is for informational purposes only and does not constitute legal advice. Consult a qualified attorney for personalized guidance. No specific outcomes are guaranteed.

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Certification of Plaintiff Pursuant to Federal Securities Laws

I, duly certify and say, as to the claims asserted under the federal securities laws, that:

I have reviewed a complaint filed in the action.
I did not purchase the security that is the subject of this action at the direction of plaintiff's counsel or in order to participate in this action.
I am willing to serve as a representative party on behalf of the class, including providing testimony at deposition and trial, if necessary.
My transaction(s) in Richtech Robotics Inc. which are the subject of this litigation during the class period set forth in the complaint are set forth in the chart attached hereto.
Within the last 3 years,
I have not sought to serve nor have I served as a class representative in any federal securities fraud case. I have sought to serve as a class representative in
I will not accept any payment for serving as a representative party on behalf of the class beyond the Plaintiff's pro rata share of any recovery, except as ordered or approved by the court, including any award for reasonable costs and expenses (including lost wages) directly relating to the representation of the class.

Are you US Citizen?

Yes. I certify under penalty of perjury that the foregoing is true and correct. Executed this No. I certify under penalty of perjury under the laws of the United States of America that the foregoing is true and correct. Executed this

Clear

Signed pursuant to California Civil Code Section 1633.1, et seq. - and the Uniform Electronic Transactions Act as adopted by the various states and territories of the United States.

By your signature above, you confirm that have retained Levi & Korsinsky, LLP to represent you and the shareholder class as a lead plaintiff in the pending class action against Richtech Robotics Inc. This representation will be on a contingency basis, meaning that Levi & Korsinsky will advance all expenses in the litigation and will only seek compensation and/or reimbursement of expenses if the firm obtains a recovery. Regardless of the result, we will never ask you to directly pay for any attorneys’ fees, expenses, or costs. Should we obtain a favorable result, we may ask the court to award us compensation and reimbursement of expenses to be paid by the defendants or as a portion of any class recovery. In exchange for our representation, you agree to cooperate as our client by providing, for example, relevant documents and deposition testimony, if necessary. During the course of this litigation, we may employ and/or work with other law firms, experts, and third-parties to successfully prosecute this action. If you are not appointed as the lead plaintiff or Levi & Korsinsky is not appointed as lead counsel, we will notify you of such decision at which time this representation will end unless otherwise extended by you and the firm. We look forward to working with you towards a successful resolution of this action.

I have reviewed the complaint linked in paragraph 1