SAN FRANCISCO
, July 28, 2025 /PRNewswire/ -- Schubert Jonckheer & Kolbe LLP advises Stitch Fix, Inc. (NASDAQ: SFIX) investors that the firm is investigating potential legal claims relating to alleged false statements about the viability of Stitch Fix's Freestyle business segment and significant insider stock sales totaling $132 million. Current shareholders are encouraged to contact the firm.
Stitch Fix, Inc. (NASDAQ: SFIX) Investor Alert: If you own stock in Stitch Fix, you may have legal options.
On July 9, 2025, Judge P. Casey Pitts of the U.S. District Court for the Northern District of California ruled that key claims in a securities fraud lawsuit against Stitch Fix, its former CEO, and founder could move forward. The lawsuit alleges that between June 2020 and June 2022, Stitch Fix misled investors by falsely stating that its Freestyle business segment would complement and add to its core Fix business segment. These statements allegedly caused Stitch Fix's stock to trade at artificially inflated prices. Judge Pitts found that the complaint sufficiently alleged that the defendants made false and misleading statements about these matters with an intent to defraud. During this period, various company insiders sold $132 million of Stitch Fix stock. After the truth came out in June 2022 that Freestyle had largely cannibalized potential new Fix customers and that the company was cutting 15% of its workforce, Stitch Fix's stock price fell 27%.
We are investigating potential wrongdoing by Stitch Fix's directors and officers in connection with these allegations.
If you own stock in Stitch Fix, you may have legal options. Visit
https://www.classactionlawyers.com/stitchfix
to learn more.
About Schubert Jonckheer & Kolbe LLP
Schubert Jonckheer & Kolbe represents consumers in class actions against corporate defendants, as well as shareholders in derivative actions against officers and directors. The firm is based in San Francisco and, with the help of co-counsel, litigates cases nationwide.
Contact
Dustin L. Schubert
dschubert@schubertlawfirm.com
Tel: 415-788-4220
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SOURCE Schubert Jonckheer & Kolbe LLP
