Deadline Alert: The Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Stitch Fix, Inc.

November 15, 2018

BENSALEM, Pa.--(BUSINESS WIRE)--Nov 14, 2018--Law Offices of Howard G. Smith reminds investors of the December 7, 2018 deadline to file a lead plaintiff motion in the class action filed on behalf of investors that purchased Stitch Fix, Inc.   (“Stitch Fix” or the “Company”) (NASDAQ: SFIX ) securities between  June 8, 2018, and October 1, 2018,  inclusive (the “Class Period”). Stitch Fix investors have until  December 10, 2018 to file a lead plaintiff motion.

Investors suffering losses on their Stitch Fix investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.

On October 1, 2018, Stitch Fix revealed its fourth-quarter financial results ending July 28, 2018, reporting lower revenue and active client numbers. On this news, shares of Stitch Fix fell nearly $16 per share, or over 35% on October 2, 2018, thereby injuring investors.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (1) its active client growth was weakening; (2) the Company would cease its investment in television advertising; and (3) as a result, the Company’s public statements were materially false and misleading at all relevant times.

If you purchased shares of Stitch Fix during the Class Period you may move the Court no later than  December 10, 2018 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to  howardsmith@howardsmithlaw.com, or visit our website at  http://www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181114006007/en/

CONTACT: Law Offices of Howard G. Smith

Howard G. Smith, Esquire







SOURCE: Law Offices of Howard G. Smith

Copyright Business Wire 2018.

PUB: 11/14/2018 08:30 PM/DISC: 11/14/2018 08:30 PM


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