OAKLAND, Calif.–(BUSINESS WIRE)–$RR #ClassAction–Gibbs Mura announces that a lawsuit has been filed on behalf of investors who purchased or acquired shares of Richtech Robotics Inc. (“Richtech Robotics”) between January 27, 2026, and 12:00 PM EST on January 29, 2026. Previously, shares fell over 20% in intraday trading on January 29, 2026, after Hunterbrook Media published a report accusing the company of misrepresenting its “collaboration” with Microsoft and missing its 10-K extended filing deadline.
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What is the Richtech Robotics Lawsuit About?
The lawsuit alleges that “Defendants made false and/or misleading statements and/or failed to disclose that: (1) Richtech claimed that it had a collaborative and commercial relationship with Microsoft when it did not; and (2) as a result, Defendants’ statements about Richtech’s business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all times.”
Previously on January 27, 2026, Richtech Robotics had announced a “hands-on collaboration” with Microsoft through Microsoft’s AI Co-Innovation Labs to “jointly develop and deploy” agentic AI in robotic systems. However, Hunterbrook Media claims that Microsoft denied having a partnership with the company, saying that Richtech Robotics is “just a customer,” and that it participated in the AI Co-Innovation Lab as “a standard customer engagement” that had “no commercial element.”
Additionally, Hunterbrook claims that just weeks earlier, Richtech Robotics missed its extended 10-K filing deadline. According to Hunterbrook, Richtech Robotics filed an NT 10-K (notification of late filing) in December 2025, which seemingly delayed its 10-K filing deadline to January 13, 2026. However, Richtech Robotics did not file the 10-K until seven days after the extended deadline, on January 20, 2026. As a result, Hunterbrook questions whether Richtech Robotics may have received a deficiency notice from NASDAQ but failed to publicly disclose it in accordance with NASDAQ’s requirements.
Following Hunterbrook’s report, shares of Richtech Robotics plummeted over 20% in intraday trading on January 29, 2026, causing significant harm to investors.
About Gibbs Mura, A Law Group
Gibbs Mura represents investors nationwide in securities litigation. The firm has recovered billions of dollars for its clients against some of the world’s largest corporations, and our attorneys have received numerous honors for their work, including “Best Lawyers in America,” “Top Plaintiff Lawyers in California,” “California Lawyer Attorney of the Year,” “Class Action Practice Group of the Year,” “Consumer Protection MVP,” and “Top Women Lawyers in California.”
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Contacts
PRESS CONTACT: CATHERINE CONROY
PHONE: 510.350.9705
EMAIL: [email protected]
