Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Soho House & Co. f/k/a Membership Collective Group Inc. (NYSE: SHCO, MCG) resulting from allegations that Soho House may have issued materially misleading business information to the investing public.
If you purchased Soho House securities and would like to join the prospective action, please click “Join This Class Action.”
On February 7, 2024, market analyst GlassHouse Research released a report entitled “Soho House & Co: A Company Facing an Existential Crisis” (the “Report”). The Report stated, in pertinent part, that Soho House is a “company with a broken business model and terrible accounting” and “faces material headwinds regarding its future viability as a public company.”
On this news, Soho House stock fell $1.18, or 19%, to close at $5.00 per share on February 7, 2024.
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