Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Stitch Fix, Inc. Investors
BENSALEM, Pa.--(BUSINESS WIRE)--Nov 13, 2018--Law Offices of Howard G. Smith announces that a class action lawsuit has been 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 email@example.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, have information or would like to learn more about these claims, or 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 firstname.lastname@example.org, or visit our website at 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/20181113006182/en/
CONTACT: Law Offices of Howard G. Smith
Howard G. Smith, Esquire
KEYWORD: UNITED STATES NORTH AMERICA PENNSYLVANIA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: Law Offices of Howard G. Smith
Copyright Business Wire 2018.
PUB: 11/13/2018 04:17 PM/DISC: 11/13/2018 04:17 PM