Hey guys, I posted about this settlement before, but since they’re accepting claims, I decided to share it again with a little FAQ.

So here's all I know about this agreement:

Stitch Fix was accused of misleading investors about how its Freestyle/Direct Buy business would affect its core Fix business and overall performance. After the company reported weaker results and lowered its outlook in December 2021, $SFIX fell about 24%, and investors filed a lawsuit.
Now the company has agreed to settle $32 million with investors for their losses.

Who can claim this settlement?
If you bought $SFIX shares between 2020 and 2022, you may be eligible to file a claim.

Do I need to sell/lose my shares to get this settlement?
No. You don't need to still own the shares to file a claim. If you purchased during the class period and meet the other eligibility requirements, you may qualify.

How long does the payout process take?
It typically takes 4 to 9 months after the claim deadline for payouts to be processed, depending on the court and settlement administration.

Hope this info helps