{"id":98510,"date":"2023-04-15T05:00:33","date_gmt":"2023-04-15T05:00:33","guid":{"rendered":"http:\/\/lebanonnewsgazette.com\/?guid=cf8c70b2310baa192b189104eac6d661"},"modified":"2023-04-15T05:00:33","modified_gmt":"2023-04-15T05:00:33","slug":"rosen-global-investor-counsel-encourages-rh-investors-with-losses-to-inquire-about-class-action-investigation-rh","status":"publish","type":"post","link":"https:\/\/lebanonnewsgazette.com\/rosen-global-investor-counsel-encourages-rh-investors-with-losses-to-inquire-about-class-action-investigation-rh\/","title":{"rendered":"ROSEN, GLOBAL INVESTOR COUNSEL, Encourages RH Investors With Losses to Inquire About Class Action Investigation \u2013 RH"},"content":{"rendered":"
\n

NEW YORK, April 14, 2023 (GLOBE NEWSWIRE) — WHY: <\/strong>Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of RH (NYSE: RH) resulting from allegations that RH may have issued materially misleading business information to the investing public.<\/p>\n

SO WHAT:<\/strong> If you purchased RH securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.<\/p>\n

WHAT TO DO NEXT: <\/strong>To join the prospective class action, go to https:\/\/rosenlegal.com\/submit-form\/?case_id=12982<\/a> or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com<\/a> or cases@rosenlegal.com<\/a> for information on the class action.<\/p>\n

WHAT IS THIS ABOUT:<\/strong> On February 3, 2023, after trading hours, RH filed a current report on Form 8-K with the Securities & Exchange Commission (\u201cSEC\u201d), which announced, in pertinent part, that its \u201cpreviously 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 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.\u201d<\/p>\n

Further, RH announced that \u201cin connection with the restatement, we determined that we had at least one material weakness in our internal control over financial reporting during the Non-Reliance Periods that continued to exist at January 28, 2023, the end of fiscal 2022. In connection with the material weakness, we have additionally concluded that our disclosure controls and procedures are also not effective.\u201d<\/p>\n

On this news, the price of RH\u2019s stock fell $25.19, or 7.3%, on February 6, 2023.<\/p>\n

WHY ROSEN LAW: <\/strong>We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs\u2019 Bar. Many of the firm\u2019s attorneys have been recognized by Lawdragon and Super Lawyers.<\/p>\n

Follow us for updates on LinkedIn: https:\/\/www.linkedin.com\/company\/the-rosen-law-firm<\/a>, on Twitter: https:\/\/twitter.com\/rosen_firm<\/a> or on Facebook: https:\/\/www.facebook.com\/rosenlawfirm\/<\/a>.<\/p>\n

Attorney Advertising. Prior results do not guarantee a similar outcome.<\/p>\n

——————————–<\/p>\n

Contact Information:<\/p>\n

Laurence Rosen, Esq.
\nPhillip Kim, Esq.
\nThe Rosen Law Firm, P.A.
\n275 Madison Avenue, 40th Floor
\nNew York, NY 10016
\nTel: (212) 686-1060
\nToll Free: (866) 767-3653
\nFax: (212) 202-3827
\nlrosen@rosenlegal.com<\/a>
\npkim@rosenlegal.com<\/a>
\ncases@rosenlegal.com<\/a>
\nwww.rosenlegal.com<\/a> <\/p>\n

GlobeNewswire Distribution ID 8808241<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, April 14, 2023 (GLOBE NEWSWIRE) \u2014 WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of RH (NYSE: RH) resulting from allegations that RH may have issued materially misleading business information to the investing public. SO WHAT: If you purchased RH securities [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2584,17,53,343],"tags":[],"yoast_head":"\nROSEN, GLOBAL INVESTOR COUNSEL, Encourages RH Investors With Losses to Inquire About Class Action Investigation \u2013 RH - Lebanon News Gazette<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/lebanonnewsgazette.com\/rosen-global-investor-counsel-encourages-rh-investors-with-losses-to-inquire-about-class-action-investigation-rh\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ROSEN, GLOBAL INVESTOR COUNSEL, Encourages RH Investors With Losses to Inquire About Class Action Investigation \u2013 RH - Lebanon News Gazette\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, April 14, 2023 (GLOBE NEWSWIRE) \u2014 WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of RH (NYSE: RH) resulting from allegations that RH may have issued materially misleading business information to the investing public. 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