RH
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| Case Summary | |
| Company Name: | RH |
| Stock Symbol : | NYSE:RH |
| Class Period Start: | 03/26/2015 |
| Class Period End: | 06/08/2016 |
| Lead Plaintiff motion: | 04/03/2017 |
| Date Filed: | 02/02/2017 |
| Type of Case: | Securities Class Action |
| Court: | U.S. District Court for the Northern District of California |
| Summary: | Thieler Law Corp advises investors with losses exceeding $100,000 of the April 3, 2017 lead plaintiff deadline in a class action lawsuit filed against RH (formerly known as Restoration Hardware) (NYSE:RH) (“RH” or “the Company”). The suit is pending in the U.S. District Court for the Northern District of California and investors, who purchased RH securities between March 26, 2015 and June 8, 2016, have until April 3, 2017 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class. If you purchased RH securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class. The complaint alleges that during the Class Period defendants made false and misleading earnings forecasts based on its new product line, RH Modern. The Complaint also alleges that RH misrepresented and concealed the problems surrounding the launch of RH Modern including inventory shortages, shipping delays, and poor construction quality. On June 8, 2016, RH revealed its financial and operating results for the first quarter of 2016 and considerably lessened its earnings guidance for fiscal year 2016. Chairman and CEO Gary Friedman noted that the results were impacted partly by “the costs ass ociated with RH Modern production delays and investments to elevate the customer experience…” On this news, NYSE:RH dropped 21.24%, on June 9, 2016. If you were negatively impacted by your investment in RH securities between March 26, 2015 and June 8, 2016 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation. Thieler Law Corp purchases advertisements on search engines, social media sites and other websites. If you send us information, note that does not create an attorney-client relationship with the firm. Thieler Law Corp 2534 State Street - Suite 406, San Diego, CA 92101 by email: mail@thielerlaw.com or telephone at +1 (619) 377 - 4324 or visit our website http://www.thielerlaw.com/ or Facsimile: +1 (619) 785 – 3185 |
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