Coughlin Stoia Geller Rudman & Robbins LLP Announces Settlement Agreement on Behalf of Shareholders of Restoration Hardware, Inc
June 11 2008 - 8:01PM
Business Wire
Today, Coughlin Stoia Geller Rudman & Robbins LLP (�Coughlin
Stoia�), on behalf of the public shareholders of Restoration
Hardware, Inc. (NASDAQ:RSTO), entered into a settlement agreement
that will provide the Company's unaffiliated public shareholders
with a common fund of $3.7 million, minus attorneys' fees, or
almost $0.19 a share, to remedy alleged misconduct by the
Restoration Hardware Board in precluding Sears Holdings Co. from
making a tender offer to shareholders for $0.05 per share more than
the current merger agreement with Catterton Partners. In addition,
Coughlin Stoia secured the defendants' agreement to not oppose the
public release of the memorandum in support of plaintiff's motion
for preliminary injunction, which contains non-public information
about the sales process for the Company. Coughlin Stoia has posted
this document on its website
(http://www.csgrr.com/pdf/news/articles/rh_memo.pdf), with minimal
redactions to protect certain private information.
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