FIGS Class Action Lawsuit FIGS | Deadline January 3, 2023
Announcement! All individuals or entities who bought or otherwise acquired FIGS‘ securities between May 27, 2021, and May 12, 2022, inclusive; or FIGS‘ shares pursuant and/or traceable to documents issued in connection with FIGS’ initial public offering, are entitled to this litigation.
According to the Figs lawsuit, throughout the Class Period, Defendants made false statements and/or concealed that:
(i) Defendants had exaggerated the Company’s actual capacity to successfully win over repeat clients;
(ii) Defendants had omitted information about the company’s growing reliance on air freight;
(iii) The anticipated net revenues, gross margin, and adjusted EBITDA margin for 2022 were overstated by the defendants; and
(iv) Due to the aforementioned, the defendants’ representations regarding the Company’s operations, business, and prospects were either unjustified or materially misleading.
If you suffered a loss in Figs you have until January 3, 2023, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
Figs Class Action Lawsuit (FIGS Lawsuit)
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