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Coughlin Stoia Geller Rudman & Robbins LLP Announces Hearing on Shareholder Effort to Enjoin Restoration Hardware Proposed Acquisition.

SAN DIEGO -- Marin County Superior Court Judge Lynn O'Malley Taylor has ordered that a hearing be held June 11, 2008 on the effort of shareholders to enjoin the proposed acquisition of Restoration Hardware, Inc. (NASDAQ:RSTO) by an investment group led by CEO Gary Friedman and Catterton Partners. The action alleges breach of fiduciary duty in connection with the decision of the Restoration Hardware board to sell the Company to Friedman and Catterton for $4.50 per share. Sears Holdings had previously indicated it was willing to pay a higher price per share to acquire Restoration Hardware. Shareholders will be asking the Court to enjoin certain contractual provisions that preclude Sears Holdings from taking its proposal directly to Restoration Hardware's shareholders. Plaintiffs are represented by the law firms of Coughlin Stoia Geller Rudman & Robbins LLP and The Weiser Law Firm. For more information, contact Randall J. Baron or Stephen J. Oddo of Coughlin Stoia at 800/449-4900 or 619/231-1058.
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Publication:Business Wire
Date:May 19, 2008
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