An investigation on behalf of investors in RH (NYSE: RH) shares over potential wrongdoing at RH (NYSE: RH) was announced.
San Diego, CA -- (SBWIRE) -- 11/16/2018 -- An investigation was announced for investors in shares of RH (NYSE: RH) over potential breaches of fiduciary duties by certain directors at RH.
Investors who purchased shares of RH (NYSE: RH) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain RH directors breached their fiduciary duties and caused damage to the company and its shareholders.
RH, formerly Restoration Hardware, reported that its Total Revenue rose from over $2.13 billion for the 12 months period that ended on January 28, 2017 to over $2.44 billion for the 12 months period that ended on February 3, 2018 and that its Net Income over those respective time periods declined from $5.4 million to $2.18 million.
Shares of RH (NYSE: RH) declined from $159.65 per share in August 2018 to as low as $10.372 per share in October 2018.
On November 15, 2018, NYSE: RH shares closed at $119.40 per share.
Those who purchased shares of RH (NYSE: RH), 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
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.