Questions? +1 (202) 540-8337 Login
Trusted News Since 1995
A service for business professionals · Tuesday, April 24, 2018 · 443,700,471 Articles · 3+ Million Readers

Update in Lawsuit for Investors in NYSE: RH shares announced by Shareholders Foundation

/EIN News/ -- SAN DIEGO, April 16, 2018 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain purchasers of NYSE: RH shares.

Investors, who purchased NYSE: RH shares in March 2015 or earlier and continue to hold any of those NYSE: RH shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On February 2, 2017, a lawsuit was filed against RH, formerly Restoration Hardware Holdings, Inc, over alleged securities laws violations. The plaintiff alleged that RH reported false and misleading earnings forecasts based on its new product line, RH Modern and that RH misrepresented and concealed the problems surrounding the launch of RH Modern including inventory shortages, shipping delays, and poor construction quality. On June 12, 2017, an amended complaint was filed and on August 2, 2017, the defendants filed their motion to dismiss the case. On February 26, 2018, the court denied the defendants motion to dismiss the lawsuit.

Those who purchased RH (NYSE:RH) shares should contact the Shareholders Foundation, Inc.

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

CONTACT: Shareholders Foundation, Inc.
          Michael Daniels
          +1 (858) 779-1554
          mail@shareholdersfoundation.com
          3111 Camino Del Rio North
          Suite 423
          San Diego, CA 92108

Primary Logo

Powered by EIN News
Distribution channels: Consumer Goods
Submit your press release