The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the United States District Court for the Central District of California on behalf of investors who purchased FIGS, Inc. (NYSE: FIGS) (i) securities between May 27, 2021 and May 12, 2022, inclusive; and/or (ii) stock pursuant and/or traceable to documents issued in connection with FIGS' initial public offering.
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, defendants' 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.
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