Levi & Korsinsky, LLP announces that a RUHN class action lawsuit has been commenced on behalf of investors who purchased Ruhnn Holding Limited (RUHN) pursuant and/or traceable to the Company’s initial public offering in April 3, 2019. For more on the Ruhnn Holding Class Action please contact us today.
According to the Ruhnn Holding lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) at the time of the initial public offering (“IPO”), the number of Ruhnn’s online stores had declined by nearly 40%; (2) at the time of the IPO, the number of Ruhnn’s full-service Key Opinion Leaders had declined by nearly 44%; (3) as a result, the Company’s net revenues derived from its full-service segment had declined by 46% on a sequential basis; and (3) as a result, defendants’ statements about Ruhnn’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
TO LEARN MORE ABOUT THE RUHN CLASS ACTION, VISIT: https://www.zlk.com/pslra-1/ruhnn-holding-limited-loss-form?wire=3
If you suffered a loss in Ruhnn Holding you have until December 6, 2019 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171