NEW YORK, December 4, 2022 /PRNewswire/ —
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of shares of FIGS, Inc. (NYSE: FIGS): (i) pursuant to and/or the registration statement and prospectus Issued in connection with the Company’s 2021 IPO public offering (the “IPO” or the “Offering”); and/or (ii) between May 27, 2021 and May 12, 2022both dates included (the “Class Period”), of the material January 3, 2023 lead applicant deadline.
SO WHAT: If you have purchased FIGS titles, you may be entitled to compensation without payment of out-of-pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the FIGS class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=9629 or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] Where [email protected] for more information on the class action. A class action lawsuit has already been filed. If you wish to act as lead plaintiff, you must move the Court not later than January 3, 2023. A lead plaintiff is a representative party acting on behalf of other class members to direct litigation.
WHY THE ROSEN LAW: We encourage investors to select qualified attorneys with proven track records in leadership roles. Often, companies issuing reviews do not have comparable experience, resources, or significant peer recognition. Many of these firms do not actually handle securities class action lawsuits, but are merely middlemen who refer clients or partner with law firms that actually litigate the cases. Be wise in choosing lawyers. Rosen Law Firm represents investors worldwide, focusing its practice on securities class action and shareholder derivative litigation. Rosen Law Firm has reached the largest securities class action settlement against a Chinese company. Rosen Law Firm was ranked #1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has ranked in the top 4 every year since 2013 and has recovered hundreds of million dollars for investors. In 2019 alone, the company obtained more than $438 million for investors. In 2020, founding partner Laurence Rosen has been named by law360 as a Titan of the Plaintiffs Bar. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.
CASE DETAILS: According to the lawsuit, the registration statement in support of the IPO and the defendants’ statements throughout the Class Period were false and/or misleading and/or did not disclose that the defendants: (1) inflated FIGS’s true ability to successfully obtain repeat customers; (2) failed to disclose FIGS’ growing reliance on air freight; and (3) inflated expected net revenue, gross margin, and adjusted EBITDA margin for 2022. When the real details hit the market, the lawsuit claims investors suffered damages.
To join the FIGS class action lawsuit, go to https://rosenlegal.com/submit-form/?case_id=9629 or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] Where [email protected] for more information on the class action.
No class has been certified. Until a class is certified, you are not represented by an attorney unless you retain one. You can choose the lawyer of your choice. You can also remain an absent group member and do nothing at this point. An investor’s ability to participate in any potential future recovery does not depend on their status as lead plaintiff.
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Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
SOURCE Rosen Law Firm, Pennsylvania