NASDAQ: SFIX

Stitch Fix, Inc.

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the stock of Stitch Fix, Inc. (NASDAQ: SFIX) between December 8, 2020 and March 8, 2022, both dates inclusive (the “Class Period”). If you wish to serve as lead plaintiff, you must move the Court no later than October 25, 2022.

If you purchased Stitch Fix securities between December 8, 2020 and March 8, 2022, and would like to join the prospective action, please click “Join This Class Action.”

集体诉讼期:December 8, 2020 through March 8, 2022
If you purchased Stitch Fix securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

案件详情:

According to the lawsuit, throughout the Class Period, defendants made numerous false and misleading statements to investors concerning the synergy between the Company’s Fix program (where the customer would receive a monthly box of items chosen by a personal stylist) and Freestyle programs (which allowed customers to shop the site for specific products, giving the customer more control over what items they received, but also removing the curation element that differentiated Stitch Fix from other e-retailers) and repeatedly denied claims that the Freestyle program could cannibalize the Company’s legacy Fix business. Specifically, Stitch Fix repeatedly assured investors that the Company’s Freestyle business was “an additive experience” and “complimentary” to the Fix business, that “the combination of those two things will allow us to address many more types of clients,” and that “we see solid growth in both sides of the business.” In truth, throughout the Class Period, Stitch Fix concealed the fact that these programs were not complementary or additive. Stitch Fix knew that the Freestyle program would be much preferred to the Company’s original Fix model, and that the Freestyle program would inevitably cannibalize the Company’s legacy Fix business. When the true details entered the market, the lawsuit claims that investors suffered damages.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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公司名称: Stitch Fix, Inc.
股票代号: SFIX
集体诉讼期: December 8, 2020 through March 8, 2022
法院: United States District Court for the Northern District of California

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