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Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until December 6, 2019 to file lead plaintiff applications in a securities class action lawsuit against Ruhnn Holding Limited (NasdaqGS: RUHN), if they purchased the Company’s American Depositary Shares (“ADSs”) pursuant and/or traceable to the Company’s April 2019 initial public offering (the “IPO”).
Ruhnn and certain of its executives are charged with failing to disclose material information in its IPO Registration Statement and Prospectus, violating federal securities laws.
The alleged false and misleading statements and omissions include, but are not limited to, that: (i) the number of the Company’s online stores had declined by nearly 40% at the time of the IPO; (ii) the number of the Company’s full-service Key Opinion Leaders had declined by nearly 44% at the time of the IPO; (iii) net revenues derived from its full-service segment had declined by 46% on a sequential basis; and (iv) as a result of the foregoing, the Company’s statements were materially false and misleading at all relevant times.
If you purchased ADSs of Ruhnn and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (firstname.lastname@example.org), or fill out the form on this page.
The case is Guo v. Ruhnn Holding Limited, 19-cv-5667. Click here to read the case complaint.