NEW YORK, NY / ACCESSWIRE / May 15, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Arhaus, Inc. ("Arhaus" or "the Company") (NASDAQ:ARHS). Investors who purchased Arhaus securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/ARHS.
Investigation Details:
On April 29, 2024, after market hours, Arhaus disclosed errors in their previously filed financial statements for the period ending September 30, 2023, in a filing with the SEC. The errors involved incorrectly classifying certain landlord reimbursements, leading to inaccurate balances in their property and equipment accounts, as well as cash flow statements. Arhaus estimates these errors will increase their operating cash flow and decrease their investing cash flow by $1 million to $5 million. Following this news, Arhaus's stock price dropped by $0.80 per share, or 5.9%, closing at $12.66 on April 30, 2024.
What's Next?
If you are aware of any facts relating to this investigation or purchased Arhaus securities, you can assist this investigation by visiting the firm's site: bgandg.com/ARHS. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
There is No Cost to You
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman:
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller,
332-239-2660 | info@bgandg.com
SOURCE: Bronstein, Gewirtz & Grossman, LLC
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