SBS records conflict on Rackspace and Bloom Energy securities actions

  • SBS records describe securities class-action reminders for both Rackspace Technology and Bloom Energy.
  • Rackspace’s class period was May 7-July 8, 2026; Bloom’s was February 27, 2025-July 8, 2026; both listed September 28, 2026, as the deadline.
  • Neither class had been certified, and investors taking no action could remain absent class members without being represented by an attorney before certification.

Schall, Brown & Schwartz LLP (SBS) issued two securities class-action reminders with a stated September 28, 2026, deadline, but the supplied records identify different defendants and allegations. The Rackspace Technology record covers investors who purchased NASDAQ-listed RXT shares from May 7 through July 8, 2026, and alleges investment and capacity shifted from profitable Private Cloud operations toward enterprise AI as customers moved to hyperscale platforms. The Bloom Energy record covers NYSE-listed BE shares purchased from February 27, 2025, through July 8, 2026, and alleges Bloom procured China-sourced scandium through middlemen while understating its reliance on Chinese material. Both records cite alleged violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5, state that lead-plaintiff appointment is not required to participate in any recovery, and say the classes have not yet been certified.

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