NEW YORK, Feb. 6, 2017 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of RH (formerly Restoration Hardware Holdings, Inc.) ("RH" or the "Company") (NYSE: RH). Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 9980.
The investigation concerns whether RH and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On June 8, 2016, RH announced the Company's financial and operating results for the first quarter of 2016 and significantly reduced its earnings guidance for fiscal year 2016, citing "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."
On this news, RH's share price fell $7.66, or 21.24%, to close at $28.41 on June 9, 2016.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
Robert S. Willoughby
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SOURCE Pomerantz LLP