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LOS ANGELES, CA / ACCESSWIRE / October 20, 2022 / The Schall Regulation Agency, a nationwide shareholder rights litigation agency, broadcasts that it’s investigating claims on behalf of traders of FIGS, Inc. (“FIGS” or “the Firm”) (NYSE:FIGS) for violations of the securities legal guidelines.
The investigation focuses on whether or not the Firm issued false and/or deceptive statements and/or did not disclose data pertinent to traders. FIGS is the topic of an article revealed by Looking for Alpha on October 18, 2022. The article quotes the lawyer representing people in a lawsuit towards the Firm as saying, “As I stated in court docket at present, our proof will present throughout this trial that FIGS founders Heather Hasson and Trina Spear marketed that they invented a proprietary chemical to make their scrubs anti-microbial, kill micro organism instantly on contact, and repel liquid – regardless that they by no means did so, and knew it was false…They continued to do that even within the face of inner, skilled, and client pushback. FIGS won’t present any scientific proof to help their claims or the breakdown of their supposed chemical therapy for scrubs.” Primarily based on this information, shares of FIGS fell by greater than 10% in intraday buying and selling on October 19, 2022.
If you’re a shareholder who suffered a loss, click on right here to take part.
We additionally encourage you to contact Brian Schall of the Schall Regulation Agency, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to debate your rights freed from cost. You too can attain us by the agency’s web site at www.schallfirm.com, or by e mail at [email protected].
The category on this case has not but been licensed, and till certification happens, you aren’t represented by an lawyer. In the event you select to take no motion, you’ll be able to stay an absent class member.
The Schall Regulation Agency represents traders world wide and makes a speciality of securities class motion lawsuits and shareholder rights litigation.
This press launch could also be thought of Lawyer Promoting in some jurisdictions underneath the relevant legislation and guidelines of ethics.
CONTACT:
The Schall Regulation Agency
Brian Schall, Esq.
310-301-3335
[email protected]
www.schallfirm.com
SOURCE: The Schall Regulation Agency
View supply model on accesswire.com:
https://www.accesswire.com/721514/INVESTIGATION-REMINDER-The-Schall-Regulation-Agency-Encourages-Buyers-in-FIGS-Inc-with-Losses-of-100000-to-Contact-the-Agency
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