NEW YORK, March 31, 2017 /PRNewswire/ -- The following
statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired securities of RH (formerly known as Restoration Hardware)
(NYSE: RH) between March 26, 2015 to June 8,
2016 . You are hereby notified that a securities class action lawsuit has been commenced in the USDC for the
Northern District of California. To get more information go to:
http://www.zlk.com/pslra/rh?wire=4
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There
is no cost or obligation to you.
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.
On June 8, 2016, RH released its first quarter 2016 financial results. Chairman and CEO
Gary Friedman noted that the results were impacted partly by "the costs associated with RH Modern
production delays and investments to elevate the customer experience…" Upon this news, shares of RH fell from a close of
$36.07 per share on June 8, 2016, to a close of $28.41 per share the following day.
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.
Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington
D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation
involving financial fraud, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising.
Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
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SOURCE Levi & Korsinsky, LLP