NEW YORK, Oct. 2, 2019 /PRNewswire/ -- Bernstein
Liebhard LLP, a nationally acclaimed investor rights law firm,
announces the filing of a securities class action on behalf of
shareholders that purchased or acquired shares of Ruhnn Holding
Limited ("Ruhnn" or the "Company") (NASDAQ: RUHN) resulting from
allegations that Ruhnn may have issued materially misleading
business information to the investing public.
If you purchased Ruhnn securities, and/or would like to
discuss your legal rights and options please visit Ruhnn
Shareholder Investigation or contact Matthew E. Guarnero toll free at (877)
779-1414 or MGuarnero@bernlieb.com.
On or about April 3, 2019, Ruhnn
announced the pricing of its initial public offering ("IPO") of 10
million shares at $12.50 per
share. However, since the IPO, Ruhnn stock has substantially
declined. As of the market close on September 30, 2019, the stock price was
$7.28 per share.
The Registration Statement highlighted a dramatic growth in
Ruhnn's net revenues derived from its full-service model, but
failed to disclose that it had already shuttered almost 40% of its
online store in the fourth quarter of 2019.
If you purchased Ruhnn securities, and/or would like to
discuss your legal rights and options please visit
https://www.bernlieb.com/cases/ruhnnholdinglimited-ruhnn-shareholder-class-action-lawsuit-stock-fraud-194/apply/
or contact Matthew E. Guarnero toll
free at (877) 779-1414 or MGuarnero@bernlieb.com.
Since 1993, Bernstein Liebhard LLP has recovered over
$3.5 billion for its clients. In
addition to representing individual investors, the Firm has been
retained by some of the largest public and private pension funds in
the country to monitor their assets and pursue litigation on their
behalf. As a result of its success litigating hundreds of lawsuits
and class actions, the Firm has been named to The National
Law Journal's "Plaintiffs' Hot List" thirteen times and
listed in The Legal 500 for ten consecutive
years.
ATTORNEY ADVERTISING. © 2019 Bernstein Liebhard LLP. The law
firm responsible for this advertisement is Bernstein Liebhard LLP,
10 East 40th Street, New York, New
York 10016, (212) 779-1414. The lawyer responsible for this
advertisement in the State of
Connecticut is Michael S. Bigin. Prior results do not
guarantee or predict a similar outcome with respect to any future
matter.
Contact Information
Matthew E. Guarnero
Bernstein Liebhard LLP
http://www.bernlieb.com
(877) 779-1414
MGuarnero@bernlieb.com
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SOURCE Bernstein Liebhard LLP