RH Securities Litigation

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RH Securities Litigation
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CLASS NOTICE: In March, 2020, the Claims Administrator conducted the initial distribution of settlement funds to eligible claimants, as approved by order of the Court. A Post-Distribution Accounting is available clicking hereSubsequent distributions to eligible claimants were conducted in September 2021, December 2022, and August 2024.

The information contained on this web page is only a summary of information presented in more detail in the Notice of 
(I) Pendency of Class Action and Proposed Settlement; (II) Settlement Fairness Hearing; and (III) Motion for Attorneys’ Fees and Expenses (the “Notice”), which you can access by clicking 
hereSince this website is just a summary, you should review the Notice for additional details.

Court-appointed Lead Plaintiffs, Public School Teachers’ Pension & Retirement Fund of Chicago and Arkansas Teacher Retirement System, on behalf of themselves and the Class, have reached a settlement of the Action for $50 million in cash that resolves all claims in the Action (the “Settlement”).

On October 22, 2019, the Court held a hearing on final approval of the Settlement and related matters. On October 25, 2019, the Court entered an Order which finally approved the Settlement and approved the Plan of Allocation and Lead Counsel’s motion for attorneys’ fees and expenses.  

The Class consists of:

all persons and entities who purchased or otherwise acquired the common stock of RH during the period from March 26, 2015 through June 8, 2016, inclusive (the “Class Period”).

Excluded from the Class by definition are certain persons and entities (see paragraph 17 of the Notice) or those who requested exclusion pursuant to the instructions set forth in the Notice.

Please read the Notice to fully understand your rights. Copies of the Notice can be found in the menu on the left of this page.

The claims administration was completed in February 2020. On February 4, 2020, the Motion for Approval of Distribution to Eligible Claimants was filed. On February 14, 2020, the Court entered the Order Approving the Distribution to Authorized Claimants. The first distribution of the net settlement fund occurred on March 17, 2020. The second distribution occurred in September 2021. The third distribution occurred in December 2022. The Fourth distribution occurred in August 2024.

Please read the Notice carefully.  If you have questions, you may call the RH Securities Litigation Help Line at 866-217-4456 or email info@RHSecuritiesLitigation.com.
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