openPR Logo
Press release

Investigation announced for Investors in NASDAQ: RUHN shares over potential Securities Laws Violations by Ruhnn Holding Limited

09-10-2019 10:20 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation for investors in Ruhnn Holding Limited (NASDAQ: RUHN) shares over potential securities laws violations.

An investigation for investors in Ruhnn Holding Limited (NASDAQ: RUHN) shares over potential securities laws violations.

Ruhnn Holding Limited is under investigation over potential securities laws violations in connection with certain financial statements.

Investors who purchased shares of Ruhnn Holding Limited (NASDAQ: RUHN), 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 focuses on possible claims on behalf of purchasers of the securities of Ruhnn Holding Limited (NASDAQ: RUHN) concerning whether a series of statements by Ruhnn Holding Limited regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On or about April 3, 2019, Ruhnn sold 10 million shares of stock in its initial public stock offering (the "IPO"), at $12.50 a share raising $125,000,000 in new capital. However, since the IPO, Ruhnn stock has plummeted, on August 22, 2019, the stock closed at $4.50.

On June 13, 2019, Ruhnn Holding Limited announced its fourth quarter and fiscal year 2019 financial results. Ruhnn Holding Limited reported that its annual Total Revenue rose from 947.58 million RMB for the 12 months period that ended on March 31, 2018 to over 1.09 RMB billion for the 12 months period that ended on March 31, 2019 and that its Net Loss declined from 104 million to 73.24 million over those respective time periods.

Shares of Ruhnn Holding Limited (NASDAQ: RUHN) declined to as low as $3.06 per share on June 3, 2019.

On September 9, 2019, NASDAQ: RUHN shares closed at $4.45 per share.

Those who purchased shares of Ruhnn Holding Limited (NASDAQ: RUHN) have certain options and should contact the Shareholders Foundation.

About:
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 conftact 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.

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

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Investigation announced for Investors in NASDAQ: RUHN shares over potential Securities Laws Violations by Ruhnn Holding Limited here

News-ID: 1831705 • Views: 470

More Releases from Shareholders Foundation

Investigation announced for Long-Term Investors in shares of Hecla Mining Compan …
An investigation was announced for investors in shares of Hecla Mining Company (NYSE: HL) concerning potential breaches of fiduciary duties by certain directors and officers of Hecla Mining Company. Investors who are current long term investors in Hecla Mining Company (NYSE: HL) shares, 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 for current long term investors
Investigation announced for Investors in Sasol Limited (NYSE: SSL) shares over p …
Sasol Limited is under investigation over potential securities laws violations in connection with certain financial statements. Investors who purchased shares of Sasol Limited (NYSE: SSL), 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 focuses on whether a series of statements by Sasol Limited (NYSE: SSL regarding its business, its prospects and its operations were materially false and
Lawsuit filed for Investors in shares of MacroGenics, Inc. (NASDAQ: MGNX)
An investor, who purchased shares of MacroGenics, Inc. (NASDAQ: MGNX), filed a lawsuit over alleged violations of Federal Securities Laws by MacroGenics, Inc.. Investors who purchased shares of MacroGenics, Inc. (NASDAQ: MGNX) have certain options and for certain investors are short and strict deadlines running. Deadline: November 12, 2019. NASDAQ: MGNX investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. Rockvillem MD based MacroGenics, Inc., a biopharmaceutical
Investigation announced for Investors in shares of The RealReal, Inc. (NASDAQ: R …
An investigation was announced concerning potential securities laws violations by The RealReal, Inc. in connection with certain financial statements was announced. Investors who purchased shares of The RealReal, Inc. (NASDAQ: REAL), 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 focuses on whether a series of statements by The RealReal, Inc. regarding its business, its prospects and its

All 5 Releases