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Investigation announced for Long-Term Investors in Ruhnn Holding Limited (NASDAQ: RUHN) announced

02-25-2020 06:17 PM CET | Politics, Law & Society

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in Ruhnn Holding Limited (NASDAQ: RUHN) shares.

An investigation on behalf of current long term investors in Ruhnn Holding Limited (NASDAQ: RUHN) shares.

An investigation was announced concerning potential breaches of fiduciary duties by certain directors and officers of Ruhnn Holding Limited.

Investors who are current long term investors in Ruhnn Holding Limited (NASDAQ: RUHN) 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 in Ruhnn Holding Limited (NASDAQ: RUHN stocks follows a lawsuit filed against Ruhnn Holding Limited over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: RUHN stocks, concerns whether certain Ruhnn Holding Limited directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Eastern District of New York the plaintiff alleges that the Registration Statement that was filed with the SEC in connection with the IPO contained false and/or misleading statements and/or failed to disclose that at the time of the IPO, the number of Ruhnn's online stores had declined by nearly 40%, that at the time of the IPO, the number of Ruhnn's full-service Key Opinion Leaders had declined by nearly 44%, that as a result, the Company's net revenues derived from its full-service segment had declined by 46% on a sequential basis, and that 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.

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

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, 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, investigations, and/or settlements are not filed/initiated/reached and/or are not 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.

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