ROSEN, NATIONAL TRIAL AVYERS Encourages Investors in Stitch Fix, Inc. to Get Counsel Ahead of Important Deadline in Securities Class Action – SFIX |
NEW YORK, September 15, 2022 /PRNewswire/ —
WHY: Rosen Law Firm, a global investor rights law firm, reminds buyers of the action of Stitch Fix, Inc. (NASDAQ: SFIX) between December 8, 2020 and March 8, 2022both dates included (the “Class Period”), of the material October 25, 2022 lead applicant deadline.
SO WHAT: If you purchased Stitch Fix titles during the Class Period, you may be entitled to compensation without payment of fees or out-of-pocket costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Stitch Fix class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=8552 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for class action information. A class action lawsuit has already been filed. If you wish to act as lead plaintiff, you must move the Court not later than October 25, 2022. A lead plaintiff is a representative party acting on behalf of other class members to direct litigation.
WHY THE ROSEN LAW: We encourage investors to select qualified attorneys with proven track records in leadership roles. Often, companies issuing reviews do not have comparable experience, resources, or significant peer recognition. Many of these firms do not actually handle securities class action lawsuits, but are merely middlemen who refer clients or partner with law firms that actually litigate the cases. Be wise in choosing lawyers. Rosen Law Firm represents investors worldwide, focusing its practice on securities class action and shareholder derivative litigation. Rosen Law Firm has reached the largest securities class action settlement against a Chinese company. Rosen Law Firm was ranked #1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has ranked in the top 4 every year since 2013 and has recovered hundreds of million dollars for investors. In 2019 alone, the company obtained more than $438 million for investors. In 2020, founding partner Laurence Rosen has been named by law360 as a Titan of the Plaintiffs Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
CASE DETAILS: According to the lawsuit, throughout the Class Period, the defendants made numerous false and misleading statements to investors regarding the synergy between the Company’s Fix program (where the client received a monthly box of items chosen by a personal stylist) and Freestyle programs (which allowed customers to purchase specific products from the site, giving the customer more control over the items they received, but also removing the curation element that differentiated Stitch Fix from others online retailers) and has repeatedly denied claims that the Freestyle program could cannibalize the company’s Fix legacy. Specifically, Stitch Fix has repeatedly assured investors that the company’s Freestyle business is “an additive experience” and “complementary” to the Fix business, that “combining these two elements will allow us to address many other types of customers” and that “we are seeing solid growth on both sides of the business.” In truth, throughout the course period, Stitch Fix hid the fact that these programs were neither complementary nor 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 old Fix business. When the real details entered the market, the lawsuit claims investors suffered damages.
To join the Stitch Fix class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=8552 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for class action information.
No class has been certified. Until a class is certified, you are not represented by an attorney unless you retain one. You can choose the lawyer of your choice. You can also remain an absent party member and do nothing at this point. An investor’s ability to participate in any potential future recovery does not depend on their status as lead plaintiff.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
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SOURCE Rosen Law Firm, Pennsylvania