NEW
YORK, June 7, 2023 /PRNewswire/ -- The Gross Law
Firm issues the following notice to shareholders of RH:
The investigation focuses on whether the Company issued false
and/or misleading statements and/or failed to disclose information
pertinent to investors. RH, the holding company behind retailer
Restoration Hardware, announced on February
3, 2023, that "our previously unaudited financial statements
for the three months ended April 30,
2022, the three and six months ended July 30, 2022, and the three and nine months
October 29, 2022 (collectively the
'Prior Financial Statements') should no longer be relied upon due
to material unintentional errors in certain of these financial
periods with respect to our calculation of basic and diluted net
income per share." Based on this news, shares of RH fell by more
than 7.3% in intraday trading on February 6,
2023.
Due to the forgoing, The Gross Law Firm is investigating
potential securities fraud claims on behalf of certain RH
investors. If you incurred a loss on your RH investment, please
contact us using the link below to discuss your rights.
https://securitiesclasslaw.com/securities/rh-loss-submission-form/?id=40415&from=4
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law Firm is
committed to ensuring that companies adhere to responsible business
practices and engage in good corporate citizenship. The firm seeks
recovery on behalf of investors who incurred losses when false
and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm