SAN DIEGO, Aug. 23, 2019 /PRNewswire/ -- Shareholder
Rights Law Firm Johnson Fistel, LLP, is investigating potential
claims against Ruhnn Holding Limited (NASDAQ: RUHN) ("Ruhnn")
for violations of federal securities laws.
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.
Specifically, Johnson Fistel's
investigation seeks to determine whether the Company's filings with
the U.S. Securities and Exchange Commission in connection with its
April 2019 IPO and subsequent
investor communications contained untrue statements of material
facts or omitted to state other facts necessary to make the
statements made therein not misleading concerning the Company's
business, and operations.
If you have information that could assist in this
investigation, or if you are a Ruhnn shareholder
and are interested in learning more about the investigation or your
legal rights and remedies, please contact Jim Baker (jimb@johnsonfistel.com) at
619-814-4471. If emailing, please include a phone number.
Additionally, you can [Click here to join this action]. There is
no cost or obligation to you.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is a
nationally recognized shareholder rights law firm with offices in
California, New York and Georgia. The firm represents individual and
institutional investors in shareholder derivative and securities
class action lawsuits. For more information about the firm and its
attorneys, please visit http://www.johnsonfistel.com. Attorney
advertising. Past results do not guarantee future outcomes.
Contact:
Johnson
Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com
[Click here to join this action]
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SOURCE Johnson Fistel, LLP