Richtech Robotics Faces Securities Fraud Lawsuit After Sharp Stock Drop

Boston, Massachusetts – On February 3, 2026, a significant securities fraud lawsuit was filed against Richtech Robotics Inc. (NASDAQ: RR) and certain of its executives by the law firm Block & Leviton LLP. The complaint, filed in U.S. federal court, alleges that Richtech made materially misleading statements about its business relationships and prospects, which resulted in substantial losses for investors.

What Triggered the Lawsuit?

According to the lawsuit, the legal action was prompted by a sharp decline in Richtech’s stock price — falling more than 20% — following a critical third-party report. The report, released on January 29, 2026, revealed that Richtech may have mischaracterized a non-commercial engagement with Microsoft involving the Microsoft AI Co-Innovation Labs program, describing it publicly as a “close collaboration” with commercial potential when, in reality, it was a standard customer engagement without commercial terms.

This allegedly inaccurate description of the relationship caused investors to buy Richtech shares at higher prices under false impressions about the company’s strategic partnerships and growth outlook. When the true nature of the engagement was made public, the stock price dropped sharply, which forms the basis of the securities fraud claim.

Allegations Detailed in the Lawsuit

The complaint raises multiple allegations against Richtech and its leadership, including:

• False or misleading statements about the existence of a meaningful business relationship with Microsoft.
• Failure to disclose accurate information about Richtech’s financial reporting and corporate filings on time.
• Inaccurate investor communications that lacked reasonable factual basis.

The complaint asserts that these misrepresentations artificially inflated Richtech’s stock price. When the truth became public, shareholders incurred significant financial losses.

Who Is Eligible to Participate?

Investors who purchased or otherwise acquired Richtech Robotics common stock between January 27, 2026 and January 29, 2026 — and subsequently experienced losses — may be eligible to participate in the lawsuit or join the class action. Whether or not an investor has already sold their shares, they could still have legal rights under the case.

Importantly, the deadline to move to be appointed lead plaintiff is April 3, 2026. Investors who do nothing may remain absent class members and could still benefit from any future recovery without retaining counsel.

How to Take Action

Those interested in learning more about their rights or how to participate in this lawsuit should contact Block & Leviton LLP directly. The law firm has set up contact options for investors, including a case website, email address, and phone number.

• Email: [email protected]
• Phone: (888) 256-2510
• Case Website: blockleviton.com/cases/rr

Additional Legal Actions and Related Cases

Separate from the Block & Leviton lawsuit, another class action has been filed by the Rosen Law Firm on behalf of Richtech Robotics investors, also alleging violations under federal securities laws. This action seeks to recover damages for investors harmed by the same alleged misstatements.

Additionally, Robbins Geller Rudman & Dowd LLP and other law firms have issued investor notices and alerts encouraging affected shareholders to seek legal representation and consider joining related class actions.

What’s at Stake for Investors?

If successful, these lawsuits could hold Richtech Robotics and certain executives legally responsible for misleading investors. Damages from securities fraud claims can include recovery of losses suffered due to artificial stock inflation and misrepresentation. However, the outcomes of these cases depend on court proceedings and proof of investor harm.

Industry Context and Broader Implications

Richtech Robotics is an AI and robotics company focused on advanced autonomous systems aimed at improving efficiency in sectors such as hospitality and service automation. Its product portfolio and investor visibility had previously been strengthened by announcements of collaborations and funding.

The allegations and resulting lawsuit come at a time when investors are increasingly scrutinizing tech companies’ public disclosures, strategic partnerships, and claims about collaborations with major technology leaders — particularly in AI and robotics. False or exaggerated claims in this environment can greatly impact investor confidence, regulatory attention, and long-term business prospects.

What Comes Next?

The legal process for securities class actions typically involves a series of motions, discovery, and potential settlements or trials. Investors and industry observers will be watching closely as this case progresses through the federal court system.

Shareholders are advised to stay informed about filing deadlines, communication from their legal representatives, and any public updates released on Richtech Robotics’ official investor relations channels.