Stitch Fix Requests to Dismiss Class Action Filed by Investors

Court: N.D. California

Case: 5:22-cv-04893

Stitch Fix has requested the court to dismiss the lawsuit filed by investors. The court will determine whether the case proceeds.

What is this lawsuit about?

On March 8, 2022, Stitch Fix provided a weak outlook for its Q3 2022 and cut its revenue guidance for the full year. Also, Stitch Fix announced self-inflicted friction between the Freestyle program and the Fix program.

Following this, SFIX dropped over 6%.

Then, on September 13, 2024, shareholders filed a claim against Stitch Fix.

What can you do to recover your losses now?

We’re keeping track of all updates and will notify SFIX investors about potential recovery.

More than 600 companies are currently facing securities class action lawsuits, and over 100 are already paying settlements. Connect your brokerage account to automatically check which ones you may have missed.