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Investor Class Action Filed Against Stitch Fix, Inc. For Securities Fraud Violations
Company Name: Stitch Fix, Inc.
Court: United States District Court for the Northern District of California
Case Number: 18-cv-06208
Judge: The Hon. James Donato
Class period: Between June 8, 2018, and October 1, 2018
Security Type: Common stock

Case Background:

On October 11, 2018, the initial complaint in this securities class action was filed against Stitch Fix, Inc. (“Stitch Fix”), and certain of Stitch Fix’s directors and officers, asserting violations of sections 10(b) and 20(a) of the Securities Exchange Act.  

The complaint alleged that throughout the class period, the defendants made materially false and misleading statements and/or failed to disclose adverse information about Stitch Fix’s business and prospects, including that its active client growth had slowed dramatically and that the defendants had shut down Stitch Fix’s television advertising campaign for much of the fourth quarter of 2018. As a result of the defendants’ false statements and/or omissions, the price of Stitch Fix common stock was artificially inflated during the class period.

This securities class action lawsuit was brought on behalf all purchasers of Stitch Fix common stock between June 8, 2018, and October 1, 2018, inclusive.

Current Status of Case:

On September 18, 2019, the lead plaintiff filed a consolidated complaint. The defendants filed a motion to dismiss the consolidated complaint on October 28, 2019. On September 30, 2020, the Court issued an Order granting the defendants' motion to dismiss. The lead plaintiff was given leave to amend the complaint.  On November 6, 2020, the lead plaintiff filed an amended complaint.  This action is still ongoing.

If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.

CONTACT:
Kessler Topaz Meltzer & Check, LLP
James Maro, Esq. or Adrienne Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087 1-844-887-9500 (toll free) or 1-610-667-7706
Or by e-mail at info@ktmc.com

Please complete this form relating to your transactions for Stitch Fix, Inc. (Nasdaq: SFIX) common stock between June 8, 2018 and October 1, 2018, inclusive (the “Class Period”).

You may also contact James Maro, Jr., Esq. or Adrienne Bell, Esq. at 610.667.7706 or toll free at 844.887.9500, or you may submit your information via email at info@ktmc.com, or you may click here to print a PDF of this form.

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# of Shares
Price per Share
 
 
 
Principal Amount
Amount Paid
Series or CUSIP
 
 
 
# of Contracts
Price per Contract
Exercise Price
Expiration Date
Did you purchase shares of Stitch Fix, Inc. (2018) prior to the Class Period?
Are you a current or former employee of Stitch Fix, Inc. (2018)?
The submission of this form does not create an attorney-client relationship, nor an obligation on the part of Kessler Topaz or you to file a lead plaintiff motion in this matter. Any information you submit will be maintained as confidential. If Kessler Topaz, in its sole discretion, believes that you might be an appropriate lead plaintiff candidate, Kessler Topaz will contact you to discuss the matter and whether to establish an attorney client relationship. By signing this form you are authorizing us to contact you regarding this case and/or future cases.
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