Levi & Korsinsky, LLP announces that a FIGS class action lawsuit has been filed on behalf of investors who purchased FIGS, Inc. (FIGS) This lawsuit is on behalf of all persons or entities that purchased or otherwise acquired: (i) FIGS securities between May 27, 2021, and May 12, 2022, inclusive; and/or (ii) FIGS stock pursuant and/or traceable to documents issued in connection with FIGS’ initial public offering. For more on the FIGS Lawsuit please contact us today.
According to the FIGS lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (i) defendants had inflated the Company’s true ability to successfully secure repeat customers; (ii) defendants had failed to disclose the Company’s increasing dependence on air freight; (iii) defendants had inflated the expected net revenues, gross margin, and adjusted EBITDA margin for 2022; and (iv) as a result of the foregoing, defendant’s statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
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.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
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New York, NY 10006
Tel: (212) 363-7500
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