Securities Fraud Investigation Into RH (RH) Announced – Investors Who Lost Money Urged to Contact The Law Offices of Frank R. Cruz
Securities Fraud Investigation Into RH (RH) Announced – Investors Who Lost Money Urged to Contact The Law Offices of Frank R. Cruz
LOS ANGELES--(BUSINESS WIRE)-- The Law Offices of Frank R. Cruz announces an investigation of RH (“RH” or the “Company”) (NYSE: RH) on behalf of investors concerning the Company’s possible violations of federal securities laws.
IF YOU ARE AN INVESTOR WHO LOST MONEY ON RH (RH), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.
What Is The Investigation About?
On January 24, 2025, Hunterbrook Media published a report alleging, among other things, that RH may be “running out of money,” stating that “an analysis of the last 20 quarters shows RH has consistently failed to meet expectations, with a cumulative $1.4 billion shortfall in free cash flow” and that “RH’s latest narrative of rapid, imminent growth appears to be unsubstantiated as well.”
On this news, RH’s stock price fell $15.72, or 3.6%, to close at $418.74 per share on January 24, 2025, thereby injuring investors.
Contact Us To Participate or Learn More:
If you purchased RH securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
The Law Offices of Frank R. Cruz,
2121 Avenue of the Stars, Suite 800,
Century City, California 90067
Call us at: 310-914-5007
Email us at: info@frankcruzlaw.com
Visit our website at: www.frankcruzlaw.com.
Follow us for updates on Twitter at twitter.com/FRC_LAW.
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250310277090/en/
Contacts
The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz
310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com
Source: The Law Offices of Frank R. Cruz