September 20, 2017
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.
May 11, 2017
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.