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Class Action Cases

A class action has been filed on behalf of RUHNN Investors. Click "Join this Class Action" above.

Attorneys

Ruhnn Holding Limited

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Zhang Investor Law announces that a securities class action lawsuit has been filed on behalf of shareholders who bought shares of Ruhnn Holding Limited (NASDAQ: RUHN) pursuant or traceable to the April 3, 2019 Initial Public Offering (“April 2019 IPO”) (the “Class Period”). The lawsuit seeks to recover damages for Ruhnn Holding Limited investors under the federal securities laws.

If you bought Ruhnn Holding Limited securities pursuant or traceable to the April 2019 IPO, and would like to join the action, please click “Join This Class Action,” above.

Press Release

SHAREHOLDER ALERT: Zhang Investor Law Announces a Securities Class Action Lawsuit Against Ruhnn Holding Limited- RUHN

New York, N.Y., October 20, 2019. Zhang Investor Law announces that a securities  class action lawsuit has been filed on behalf of shareholders who bought shares of Ruhnn Holding Limited (NASDAQ: RUHN) pursuant or traceable to the April 3, 2019 Initial Public Offering (“April 2019 IPO”), inclusive (the “Class Period”).

To join the RUHN class action, go to http://zhanginvestorlaw.com/cases/ruhnn-holding-limited/ call Sophie Zhang, Esq. toll-free at 800-991-3756 or email info@zhanginvestorlaw.com for information on the class action.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT.

According to the lawsuit, throughout the Class Period (1) at the time of the IPO, the number of Ruhnn’s online stores had declined by nearly 40%; (2) at the time of the IPO, the number of Ruhnn’s full-service Key Opinion Leaders had declined by nearly 44%; (3) as a result, the Company’s net revenues derived from its full-service segment had declined by 46% on a sequential basis; and (4) as a result, defendants’ statements about Ruhnn’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 6, 2019. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://zhanginvestorlaw.com/cases/ruhnn-holding-limited/ or to discuss your rights or interests regarding this class action, please contact Sophie Zhang, Esq. of Zhang Investor Law toll free at 800-991-3756 or via e-mail at info@zhanginvestorlaw.com.

Zhang Investor Law represents investors worldwide.