NEW YORK, Feb. 09, 2017 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies
investors that a class action lawsuit has been filed against RH (formerly Restoration Hardware Holdings, Inc.) (“RH” or the
“Company”) (NYSE:RH) and certain of its officers, on behalf of a class who purchased RH securities between March 26, 2015 and June
8, 2016, inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: www.bgandg.com/rh.
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws
under the Securities Exchange Act of 1934.
The Complaint alleges that throughout the Class Period, Defendants made false and misleading statements,
specifically its earnings forecasts based on a 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.
On June 8, 2016, RH revealed its financial and operating results for the first quarter of 2016 and significantly
lessened its earnings guidance for fiscal year 2016, noting “accommodations largely due to . . . production delays” in RH’s new
product line, RH Modern, which the Company had previously touted as “the most important and significant new home furnishings
business to be launched in the last 15 or 20 years.” Following this news, RH stock dropped $7.66, or 21.24%, to close at
$28.41 on June 9, 2016.
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the
firm’s site: www.bgandg.com/rh or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst,
Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. 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.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive
pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in
class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities
arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact: Bronstein, Gewirtz & Grossman, LLC Peretz Bronstein or Yael Hurwitz 212-697-6484 | info@bgandg.com
