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City of Warwick Municipal Employees Pension Fund v. Rackspace Hosting, Inc. et al
Case Number:
1:17-cv-03501
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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September 20, 2017
KBC, Motley Rice To Lead Cloud Computing Co. Investor Suit
A New York federal judge gave European investment firm KBC Asset Management NV and its lawyers at Motley Rice LLC the green light on Tuesday to lead a proposed securities fraud class action against cloud computing company Rackspace Hosting Inc.
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May 11, 2017
Cloud Co. Hid Impact Of Lost Vodafone Contract, Suit Says
A Rackspace Hosting Inc. shareholder accused the cloud computing company in New York federal court Wednesday of concealing the financial impact of losing a contract with Vodafone Group PLC, which the investor says led to a two-day stock drop that cost the company $1.3 billion in market capitalization.