The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Stitch Fix, Inc. (“Stitch Fix” or “the Company”) (NASDAQ: SFIX) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company’s securities between December 8, 2020 and March 8, 2022, inclusive (the ”Class Period”), are encouraged to contact the firm before October 25, 2022.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. Stitch Fix claimed to investors that its Freestyle business was “an additive experience” and “complimentary” to its Fix business, but in truth the Freestyle business was neither additive or complimentary to the Fix business. The Company knew that the Freestyle business would be preferred by consumers over the Fix business and would cannibalize the Fix business based on this preference. Based on these facts the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Stitch Fix, investors suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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