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发帖数: 2263 | 1 RADNOR, PA / ACCESSWIRE / October 13, 2018 / Kaskela Law LLC announces that
an investor class action lawsuit has been filed against Stitch Fix, Inc. (
SFIX) ("Stitch Fix" or the "Company") on behalf of purchasers of the Company
's common stock between June 8, 2018 and October 1, 2018, inclusive (the "
Class Period").
IMPORTANT DEADLINE: Investors who purchased Stitch Fix's common stock during
the Class Period may, no later than December 10, 2018, seek to be appointed
as a lead plaintiff representative of the investor class.
Investors who purchased the Company's common stock during the Class Period
and suffered a financial loss in excess of $100,000 are encouraged to
contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (888) 715 - 1740, or
[email protected], to discuss their legal rights and options. For
additional information about this action, including how to participate in
the action, please visit http://kaskelalaw.com/case/stitch-fix/.
The class action complaint alleges that defendants made materially false and
misleading statements about the strength of the Company's active client
growth, and continued investment in television advertising and its impact on
the Company's financial prospects, setting high investor growth
expectations far beyond what the Company was actually then experiencing. The
complaint further alleges that, as a result of the foregoing, investors
purchased Stitch Fix's common stock at artificially inflated prices during
the Class Period.
On October 1, 2018, Stitch Fix reported quarterly financial results that
fell short of projected active client growth expectations and disclosed that
the Company had signed up far fewer than expected new active clients during
the quarter. The Company also disclosed that Stitch Fix's active client
count was virtually flat, coming in at 2.7 million.Following this news,
shares of the Company's stock declined $15.69 per share, or over 35% in
value, to close on October 2, 2018 at $28.94 per share, on heavy trading
volume.
Investors who purchased the Company's common stock during the Class Period
and suffered a financial loss in excess of $100,000 are encouraged to
contact Kaskela Law LLC for additional information about this action and
their legal rights and recovery options. Kaskela Law LLC exclusively
represents investors in state and federal courts throughout the country. For
additional information about Kaskela Law LLC please visit www.kaskelalaw.
com.
CONTACT:
KASKELA LAW LLC
D. Seamus Kaskela, Esq.
201 King of Prussia Road
Suite 650
Radnor, PA 19087
(484) 258 - 1585
(888) 715 - 1740
[email protected]
www.kaskelalaw.com |
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