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Stock impact report

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

RH (RH) 
Last rh earnings: 3/30 04:05 pm Check Earnings Report
Company Research Source: Business Wire
SAN DIEGO & CORTE MADERA, Calif.--(BUSINESS WIRE)-- 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 re Show less Read more
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