According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that:
- Richtech claimed that it had a collaborative and commercial relationship with Microsoft when it did not; and
- 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.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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