Home Furnishings Retailer To Pay $50M To Settle Securities Class Action

Mealey's (May 8, 2019, 1:58 PM EDT) -- OAKLAND, Calif. — Home furnishings retailer RH Inc. and two of its senior executives will pay $50 million to settle claims that they issued misrepresentations regarding the launch of the company’s new line of products and its inventory levels in violation of federal securities laws, according to a motion for preliminary approval of settlement filed May 6 in California federal court (In re RH Inc. Securities Litigation, No. 17-0554, N.D. Calif.)....