Bronstein, Gewirtz & Grossman, LLC encourages investors to seek compensation for alleged misconduct

NEW YORK, NY / ACCESSWIRE / May 12, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Arhaus, Inc. (“Arhaus” or “the Company”) (NASDAQ:ARHS). Investors who have purchased Arhaus securities are encouraged to obtain additional information and assist in the investigation by visiting the Company’s website: bgandg.com/ARHS.

Examination details:

On April 29, 2024, after the market closed, Arhaus disclosed errors in its previously filed financial reports for the period ended September 30, 2023 in a filing with the SEC. The errors included misclassifying certain refunds to landlords, resulting in inaccurate balances in their property and equipment accounts and cash flow statements. Arhaus estimates that these errors will increase their operating cash flow and decrease their investing cash flow by $1 million to $5 million. Following this news, Arhaus’ stock price fell $0.80 per share, or 5.9%, to close at $12.66 on April 30, 2024.

What’s next?

If you are aware of facts relating to this investigation or Arhaus’s securities purchased, you can assist in this investigation by visiting the company’s website: bgandg.com/ARHS. You may also contact Peretz Bronstein or his account representative Nathan Miller of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.

There are no costs for you

We represent investors in class actions on a contingency fee basis. This means that we will only ask the court to reimburse us for our expenses and attorneys’ fees, usually a percentage of the total recovery, if we are successful.

Why Bronstein, Gewirtz & Grossman:

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm representing investors in securities fraud class actions and shareholder derivative litigation. Our company has recovered hundreds of millions of dollars for investors nationwide.

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Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller,
332-239-2660 | (email protected)

SOURCE: Bronstein, Gewirtz & Grossman, LLC