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Lawsuit for Investors in shares of RH (NYSE:RH) in effort to recover losses filed

An investor in NYSE:RH shares filed a lawsuit over alleged violations of Federal Securities Laws by RH in connection with certain allegedly false and misleading statements.

Investors who purchased shares of RH (NYSE:RH) have certain options and for certain investors are short and strict deadlines running. Deadline: April 3, 2017. NYSE:RH investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.

The plaintiff alleges on behalf of purchasers of RH (NYSE:RH) common shares between March 26, 2015 to June 8, 2016, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between March 26, 2015 to June 8, 2016, RH reported false and misleading earnings forecasts based on its new product line, RH Modern and that RH misrepresented and concealed the problems surrounding the launch of RH Modern including inventory shortages, shipping delays, and poor construction quality.

Corte Madrea, CA based RH, formerly Restoration Hardware Holdings, Inc., is a luxury retailer in the home furnishings marketplace.

On March 26, 2015, RH (Restoration Hardware Holdings, Inc – NYSE: RH) reported its fourth quarter and fiscal year 2014 financial results. RH reported that its Total Revenue rose from over $1.55 billion for the 52 weeks period that ended on February 1, 2014 to over $1.86 billion for the 52 weeks period that ended on January 31, 2015 and that its Net Income for those teim periods increased from $18.20 million to $91.00 million.
In addition, RH also provided its outlook for its first quarter of fiscal 2015.

On March 29, 2016, RH (Restoration Hardware Holdings, Inc – NYSE: RH) reported its fourth quarter and fiscal year 2015 financial results
RH reported that its Total Revenue rose from over $1.86 billion for the 52 weeks period that ended on January 31, 2015 to over $2.1 billion for the 52 weeks period that ended on January 30, 2016 and that its respective Net Income increased slightly from $91.00 million to $91.10 million over those respective time periods. RH said that while the initial response to RH Modern has been outstanding it is experiencing shipping delays as certain vendors are struggling to ramp up production of this new product line.

On June 8, 2016, RH reported its first quarter fiscal 2016 financial results. In its outlook, RH stated that the Company’s results for fiscal 2016 will be impacted by certain short term operational items including costs associated with RH Modern production delays and investments to elevate the customer experience, timing issues related to the transition from a promotional to a membership model, and a more aggressive approach to rationalizing its SKU count and optimizing inventory and that these factors are negatively impacting the Company’s fiscal 2016 adjusted diluted EPS outlook by approximately $0.90 to $1.00.
Shares of RH (NYSE:RH) declined from $103.09 per share in October 2015 to as low as $25.39 per share in late June 2016.

On February 10, 2017, NYSE:RH shares closed at $25.32 per share.

Those who purchased NYSE:RH shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

John:
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