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Class Action News

Levi & Korsinsky Announces StitchFix Lawsuit; SFIX Class Action

Levi & Korsinsky

October 30, 2018

NEW YORK, October 30, 2018 – Levi & Korsinsky, LLP announces a class action has commenced on behalf of all persons or entities who purchased or otherwise acquired securities of Stitch Fix, Inc. (“Stitch Fix”) (NASDAQ: SFIX) between June 8, 2018 and October 1, 2018. You are hereby notified that the SFIX securities class action has been commenced in the United States District Court for the Northern District of California. To get more information about the StitchFix class action go to: https://www.zlk.com/pslra-1/stitch-fix-inc-loss-form or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

The SFIX lawsuit alleges that throughout the class period Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) Stitch Fix’s active client growth had slowed to a crawl; (2) Stitch Fix had completely shut down its television advertising campaign for 10 of the 13 weeks in fourth quarter 2018, dramatically decreasing the number of new active client additions; and (3) as a result, the Company’s current business metrics and financial prospects were not as strong as it had led the market to believe during the Class Period.

If you suffered a loss in Stitch Fix you have until December 10, 2018 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 is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

 

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

55 Broadway, 10th Floor

New York, NY 10006

Tel: (212) 363-7500

Toll Free: (877) 363-5972

Fax: (212) 363-7171

www.zlk.com