Shares of Soho House & Co Inc. dropped over 28% in intraday trading on February 7, 2024, after GlassHouse Research issued a report alleging that the company has poor accounting practices and a flawed business model. Gibbs Law Group is investigating a potential Soho House Securities Class Action Lawsuit on behalf of shareholders who lost money in Soho House (NYSE: SHCO).

What Should SHCO Investors Do?

If you invested in Soho House & Co Inc., visit our website by clicking here, or call us toll-free at (888) 410-2925 to discuss how you may be able to recover your losses. Our investigation concerns whether Soho House has violated federal securities laws by providing false or misleading statements to investors.

What is the Soho House Securities Lawsuit Investigation About?

On February 7, 2024, GlassHouse Research published a scathing report, alleging that global membership platform and hotel chain Soho House uses “terrible accounting” and a “broken business model.” GlassHouse Research claims, “A lack of an opinion on internal controls by its auditor and one of the worst correspondence letters we have read from the SEC suggest dismal accounting practices.” The report further alleges that such practices led to “artificially aided earnings metrics.”

Following the report, Soho House stock plummeted over 28% in intraday trading on February 7th, causing significant harm to investors.

About Gibbs Law Group

Gibbs Law Group represents investors throughout the country in securities litigation to correct abusive corporate governance practices, breaches of fiduciary duty, and proxy violations. The firm has recovered over a billion dollars for its clients against some of the world’s largest corporations, and our attorneys have received numerous honors for their work, including “Best Lawyers in America,” “Top Plaintiff Lawyers in California,” “California Lawyer Attorney of the Year,” “Class Action Practice Group of the Year,” “Consumer Protection MVP,” and “Top Women Lawyers in California.”

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