Johnson Fistel Announces Investigation of Soho House (SHCO) for Potential Securities Law Violations
Johnson Fistel, LLP is investigating Soho House & Co Inc. (“Soho House” or “the Company”) (NYSE: SHCO) for potential securities law violations. Shareholders who have incurred losses on their investment in the company are encouraged to contact the firm to learn about potentially recovering their losses.
What is Johnson Fistel investigating? On February 7, 2024, GlassHouse Research issued a report stating the concerns the firm has with the company’s operations. The report goes on to say the company is experiencing a broken business model as well as questionable accounting practices. GlassHouse states that the grievances it has with the company’s accounting include artificially aiding earnings metrics and 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.”
For more information, contact Jim Baker at jimb@johnsonfistel.com or (619) 814-4471
The investigation pertains to whether executives at the company misrepresented or failed to timely disclose material and adverse information to investors.
What if I have relevant nonpublic information? Individuals with nonpublic information regarding the company should consider whether to assist our investigation or take advantage of the SEC Whistleblower program. Under the SEC program, whistleblowers who provide original information may, under certain circumstances, receive rewards totaling up to thirty percent of any successful recovery made by the SEC. For more information, contact Jim Baker at (619) 814-4471 or jimb@johnsonfistel.com.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com.
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Contact:
Johnson Fistel, LLP
501 W. Broadway, Suite 800, San Diego, CA 92101
James Baker, Investor Relations or Frank J. Johnson, Esq., (619) 814-4471
jimb@johnsonfistel.com or fjohnson@johnsonfistel.com