SAN DIEGO, Dec. 06, 2022 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a deadline is coming up in the lawsuit that was filed for certain investors in FIGS, Inc. (NYSE: FIGS) shares.
Investors who purchased in excess of $250,000 in shares of FIGS, Inc. (NYSE: FIGS) have certain options and there are short and strict deadlines running. Deadline: January 3, 2023. Those NYSE: FIGS investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On November 1, 2022, a lawsuit was filed against FIGS, Inc. over alleged securities laws violations. The plaintiff alleges that the Registration Statement that was filed in connection with the company’s initial public offering claimed that due to the Company's access to significant customer data, it was able to maintain an efficient and steady supply chain, that the truth was, however, that the Company's access to data did not allow it to mitigate supply chain problems through predictable sales, that instead, FIGS had to increasingly rely on air freight that costs materially more than the overseas shipping it was previously reliant on, that the Registration Statement blamed the COVID-19 pandemic for the use of air freight in the time leading up to the IPO, and that the truth, was, however, that FIGS was continually relying on air freight for its business. Even after the IPO, as the Company continued to rely on cost air freight, the defendants continued to claim that air freight was transitory.
Those who purchased FIGS, Inc. (NYSE: FIGS) shares should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
