SHAREHOLDER ALERT: Hynes Keller & Hernandez, LLC Announces Investigation of RH (RH)

NEW YORK, June 6, 2018 /PRNewswire/ -- Hynes Keller & Hernandez, LLC is investigating potential claims against the Board of Directors of RH (NYSE: RH) concerning possible breaches of fiduciary duty. In 2015, RH launched a new product line, specifically, "RH Modern" repeatedly emphasizing its preparedness for the launch pertaining to necessary inventory investments and proper inventory levels, as well as its subsequent performance. On February 24, 2016, RH disclosed negative Q4 2015 results caused in part by "shipping delays as certain vendors are struggling to ramp up production" and that "poor in-stocks also suppressed orders…." Then, on June 8, 2016, RH revealed that it had issued $18 million in customer accommodations "largely as a result of RH Modern production delays" contributing to negative Q1 2016 results.

On February 26, 2018, in a federal securities lawsuit against RH arising from false and misleading statements regarding the launch of RH Modern, the court denied RH's motion to dismiss.

Click here for more information about our investigation of RH: https://www.hkh-lawfirm.com/investigations-cases/rh-rh/

Hynes Keller & Hernandez, LLC is a shareholder rights law firm that represents institutional and individual investors.  The firm is focused on providing exemplary legal services in the area of shareholder litigation. The firm has an experienced litigation team which has achieved significant victories on behalf of the firm's clients.  You can visit our website at www.hkh-lawfirm.com for more information.  Attorney advertising. Prior results do not guarantee similar outcomes.

If you hold shares in RH and would like to obtain additional information about your legal rights and protect your investment, please visit our website at https://www.hkh-lawfirm.com/investigations-cases/rh-rh/ or contact the attorneys below.  There is no cost or obligation to you. 

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SOURCE Hynes Keller & Hernandez, LLC