Deadline on Jan. 3, 2023 coming up in Lawsuit for Investors in FIGS, Inc. (NYSE: FIGS)

A deadline is coming up on January 3, 2023 in the lawsuit filed for certain investors of FIGS, Inc. (NYSE: FIGS) over alleged securities laws violations by FIGS, Inc.

Investors who purchased shares of FIGS, Inc. (NYSE: FIGS) have certain options and there are strict and short deadlines running. Deadline: January 3, 2023. NYSE: FIGS stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the Central District of California the plaintiff alleges on behalf of purchasers of FIGS, Inc. (NYSE: FIGS) common shares ,that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that the Registration Statement claimed that due to the Company's access to significant customer data, it was able to maintain an efficient and steady supply chain, that the truth was, however, that the Company's access to data did not allow it to mitigate supply chain problems through predictable sales, that instead, FIGS had to increasingly rely on air freight that costs materially more than the overseas shipping it was previously reliant on, that the Registration Statement blamed the COVID-19 pandemic for the use of air freight in the time leading up to the IPO, and that the truth, was, however, that FIGS was continually relying on air freight for its business. Even after the IPO, as the Company continued to rely on cost air freight, the defendants continued to claim that air freight was transitory.

Those who purchased shares of FIGS, Inc. (NYSE: FIGS) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.