NEW YORK, Feb. 2, 2017 /PRNewswire/ -- Bernstein Litowitz Berger & Grossmann LLP ("BLB&G") today announced that it has filed a securities class action lawsuit on behalf of City of Miami General Employees' & Sanitation Employees' Retirement Trust against RH—until recently known as Restoration Hardware—("RH" or the "Company") (NYSE: RH) and certain of its senior executives. The action, which is captioned City of Miami General Employees' & Sanitation Employees' Retirement Trust v. RH, Inc., No. 3:17-cv-00554 (N.D. Cal.) asserts claims under the Securities Exchange Act of 1934 on behalf of investors in RH common stock during the time period of March 26, 2015 to June 8, 2016, inclusive (the "Class Period").
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 also alleges that RH misrepresented and concealed the problems surrounding the launch of RH Modern including inventory shortages, shipping delays, and poor construction quality.
If you wish to serve as Lead Plaintiff for the Class, you must file a motion with the Court no later than 60 days from today. Accordingly, the deadline for filing a motion for appointment as Lead Plaintiff is April 3, 2017. Any member of the proposed Class may move the Court to serve as Lead Plaintiff through counsel of their choice, or may choose to do nothing and remain a member of the proposed Class.
If you wish to discuss this Action or have any questions concerning this notice or your rights or interests, please contact Avi Josefson of BLB&G at 212-554-1493, or via e-mail at firstname.lastname@example.org.
Since its founding in 1983, BLB&G has built an international reputation for excellence and integrity. Specializing in securities fraud, corporate governance, shareholders' rights, employment discrimination, and civil rights litigation, among other practice areas, BLB&G prosecutes class and private actions on behalf of institutional and individual clients worldwide. Unique among its peers, BLB&G has obtained several of the largest and most significant securities recoveries in history, recovering billions of dollars on behalf of defrauded investors. More information about BLB&G can be found online at www.blbglaw.com.
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SOURCE Bernstein Litowitz Berger & Grossmann LLP