Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
The Shuman Law Firm announces that it is investigating potential shareholder claims against certain officers and directors of RH ("RH" or the "Company") (NYSE:RH). RH primarily operates as a retailer of home furnishings.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
In 2017, an investor class action complaint was filed against the Company in federal court on behalf of certain purchasers of RH's common stock. Among other things, the shareholder complaint alleges that RH and certain of the Company's senior executive officers violated the federal securities laws by making a series of materially false and misleading statements to investors concerning the Company's launch of RH Modern, and the company's inventory levels. The investors claim that RH aggressively marketed its new line with photo-edited images of products that did not exist, resulting in yearlong delays in delivery and canceled orders from its customers. When RH disclosed its inventory troubles, the company's stock plunged 75%, erasing more than $3 billion in shareholder value.
In February 2018, the federal court presiding over the litigation denied defendants' motion to dismiss the class action complaint. Recently, on October 11, 2018, the plaintiffs overcame an important procedural hurdle when federal court presiding granted the plaintiff's motion to certify the class action. The class consists of those who purchased or otherwise acquired the common stock of RH during the period from March 26, 2015 through June 8, 2016, inclusive.
FREE REPORT: How To Learn Options Trading Fast
In this special report, you will learn the four best strategies for trading options, how to stay safe as a complete beginner, a 411% trade case study, PLUS how to access two new potential winning options trades starting today.Claim Your Free Report Here.
If you currently own RH common stock and are interested in discussing your rights, or have information relating to this investigation, please contact Kip B. Shuman or Rusty E. Glenn toll free at (866) 569-4531 or email Mr. Shuman at kip@shumanlawfirm.com or Mr. Glenn at rusty@shumanlawfirm.com.
The Shuman Law Firm represents investors throughout the nation, concentrating its practice in stockholder litigation.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181018005754/en/
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.