The Law Offices of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of Wix.com, PROCEPT BioRobotics, and Rackspace Technology, with lead plaintiff deadlines in September 2026. The Wix.com class action covers a class period from February 19, 2025 to May 12, 2026 and alleges the company overstated the competitiveness and benefits of its AI product offerings while understating associated costs. The PROCEPT BioRobotics suit, with a class period from February 28, 2024 to February 25, 2026, claims the company used an undisclosed discount program that artificially inflated handpiece sales and created over 10,000 excess units in field inventory. The Rackspace Technology class action, spanning May 7, 2026 to July 8, 2026, alleges the company failed to disclose that its enterprise AI pivot would divert capacity from its profitable Private Cloud segment and that a material reduction in its Public Cloud resale business would significantly impact fiscal year 2026 revenue.
Procept Biorobotics CorpClass action alleges undisclosed discount program inflated sales and excess inventory.
Rackspace Technology IncClass action alleges failure to disclose AI pivot impact on revenue and capacity diversion.
Wix.Com Ltd