Levi & Korsinsky announces the commencement of a class action lawsuit in the USDC for the Northern District of California on behalf of shareholders of RH (formerly Restoration Hardware) who purchased shares between March 26, 2015 and June 8, 2016.
The complaint alleges that during the Class Period, RH reported false and misleading earnings forecasts based on its new product line, RH Modern. The complaint further alleges that RH misrepresented and concealed problems surrounding the launch of RH Modern, including inventory shortages, shipping delays, and poor construction quality.
If you suffered a loss in RH you have until April 3, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
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