SAN DIEGO, Nov. 01, 2022 (GLOBE NEWSWIRE) — Shareholder Rights Law Firm Johnson Fistula, LLP announces that a class action lawsuit has been filed on behalf of investors in FIGS, Inc. (“FIGS”) (NYSE: FIGURES). The Class Action is being brought on behalf of shareholders who purchased FIG securities between May 27, 2021 and May 12, 2022, or (ii) pursuant to and/or traceable to the offering documents issued in connection with the FIG IPO (the “Collection Period”). Investors are hereby notified that they have until January 3, 2023 to petition the court to join as lead plaintiff in this lawsuit.

What actions can I take at this time? If you have suffered a loss and would like to learn more about being a lead plaintiff, please contact Jim Baker ([email protected]) by email or phone at 619-814-4471. When emailing, please include your phone number.

To participate in this promotion you can click on the following link or copy and paste it into a browser:

https://www.johnsonfistel.com/investigations/figs-inc-class-action

There are no costs or obligations for you.

According to the complaint, the company made false and misleading statements to the market. FIG has overstated its ability to secure repeat business from existing customers. The company has failed to educate investors about its growing reliance on air freight to facilitate its business. The company overstated its expected financial performance for 2022. Based on these facts, the company’s public statements throughout the IPO period were false and essentially misleading. When the market learned the truth about the FIG, investors suffered.

A lead plaintiff will act on behalf of all other group members in directing the FIG class action. The lead plaintiff may select a law firm of its choice to conduct the class action. An investor’s ability to participate in a potential future recovery of the FIGs’ class action is not contingent on its serving as lead plaintiff.

For more information on the Lead Plaintiff Proceedings, see…