Securities
Mar. 4, 2026
Stitch Fix investors seek approval of $32M settlement
Investors asked a federal judge in San Jose to preliminarily approve a $32 million settlement resolving claims that Stitch Fix misled shareholders about its Direct Buy initiative and business impact.
Attorneys told a federal judge that a proposed $32 million class action settlement between online clothing curator Stitch Fix and its investors is unopposed and ready for approval, ending three years of securities litigation over the company's $6 billion loss in market capitalization in 2021.
Investors claimed that Stitch Fix and its former executives overstated the benefits of a "Direct Buy" initiative contrasting with its core stylist-curated clothing business, an...
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