Robbins Arroyo LLP Announces that Plaintiffs in Securities Class Action Against RH Win Class Certification

SAN DIEGO & CORTE MADERA, Calif.–(BUSINESS WIRE)–$RH #RH–Shareholder rights law firm Robbins
Arroyo LLP
is investigating whether certain officers and directors
of RH (NYSE: RH) breached their fiduciary duties to shareholders. RH,
together with its subsidiaries, operates as a retailer in the home
furnishings market.

In a hearing on October 1, 2018, the Honorable Yvonne Gonzalez Rogers of
the U.S. District Court for the Northern District of California granted
the plaintiffs’ motion to certify a class of investors who acquired RH
stock between March 26, 2015 and June 8, 2016. The judge rejected RH’s
arguments that the allegations were too complex to qualify for class
treatment and noted that “the amount of information that was allegedly
hidden from the class was significant.” The ruling is the latest
development in a consolidated class action complaint against RH arising
from defendants’ misleading statements regarding the launch of RH’s new
product line, RH Modern, and the company’s inventory levels. The
investors claim that RH aggressively marketed its new line with
photo-edited images of products that did not exist, resulting in
yearlong delays in delivery and canceled orders from its customers. When
RH disclosed its inventory troubles, the company’s stock plunged 75%,
erasing more than $3 billion in shareholder value.

View this information on the law firm’s Shareholder Rights Blog: https://www.robbinsarroyo.com/rh-holdings-oct-2018/

RH Shareholders Have Legal Options

Concerned shareholders who would like more information about their
rights and potential remedies can contact attorney Leonid Kandinov at
(800) 350-6003, LKandinov@robbinsarroyo.com,
or via the shareholder
information form
on the firm’s website.

Robbins Arroyo LLP is a nationally recognized leader in shareholder
rights law. The firm represents individual and institutional investors
in shareholder derivative and securities class action lawsuits, and has
helped its clients realize more than $1 billion of value for themselves
and the companies in which they have invested. The firm offers a stock
monitoring service: Stock Watch. Sign
up
for free today.

Attorney Advertising. Past results do not guarantee a similar outcome.

Contacts

Robbins Arroyo LLP
Leonid Kandinov
LKandinov@robbinsarroyo.com
(619)
525-3990 or Toll Free (800) 350-6003
www.robbinsarroyo.com

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