NEW YORK, March 24, 2023 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation into potential securities claims on behalf of RH shareholders RH following allegations that RH may have disclosed materially misleading business information to the investing public.

SO WHAT: If you have purchased RH Securities you may be entitled to compensation without paying any out of pocket expenses or costs through a contingency fee arrangement. Law firm Rosen is preparing a class action lawsuit to recover investor losses.

WHAT TO DO NEXT: To participate in the prospective class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=12982 or call Phillip Kim, Esq. toll free at 866-767-3653 or by email pkim@rosenlegal.com or cases@rosenlegal.com for information about the Class Action.

WHAT IS THIS ABOUT: On February 3, 2023, after close of business, RH filed a Current Report on Form 8-K with the Securities & Exchange Commission (“SEC”), which disclosed in the relevant part that its “previously unaudited financial statements for the three months April 2022, the three and six months ended July 30, 2022 and the three and nine months ended October 29, 2022 should no longer be reliable due to material unintentional errors in certain of those financial periods with respect to our calculation of basic and diluted net earnings per share.”

In addition, RH announced that “in connection with the restatement, we determined that we had at least one material weakness in our internal control over financial reporting during the non-reliability periods that continued through January 28, 2023, the end of fiscal year 2022.” duration . In addition, related to the material weakness, we have concluded that our disclosure controls and procedures are also not effective.”

As a result of this news, on February 6, 2023, the price of RH stock fell by $25.19 or 7.3%.

WHY ROSES LAW: We encourage investors to select qualified advisors with a track record in leadership positions. Companies often have…