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Glancy Prongay & Murray LLP ("GPM") announces an investigation on behalf of Rackspace Hosting, Inc. ("Rackspace" or the "Company") (NYSE:RAX) investors concerning the Company and its officers' possible violations of federal securities laws. To obtain information or aid in the investigation, please visit the Rackspace investigation page on our website at www.glancylaw.com/case/rackspace-hosting-inc.
The investigation concerns whether Rackspace concealed the impending loss of an important contract with Vodafone, and whether the Company published misleading revenue guidance in 2015. Revelations surrounding the contract loss and guidance revisions caused multiple stock price declines in May and August of 2015, thereby injuring investors.
If you purchased Rackspace securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170518005446/en/
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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