Levi & Korsinsky, LLP announces that a securities class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired FIGS, Inc. (NYSE: FIGS) securities.
If you suffered a loss on your FIGS investment and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
THE LAWSUIT: (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
CASE DETAILS:
(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.
Please provide your address so we can contact you about your case if eligible.






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