SHAREHOLDER ACTION NOTICE: Schall Law Firm Encourages Investors in FIGS, Inc. with $100,000 Losses to Contact the Firm

Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against FIGS, Inc. (“FIGS” or “the Company”) (NYSE: FIGS) for breach of federal securities laws.

Investors who purchased shares of the Company as part of and/or traceable to the Company’s initial public offering made in May 2021 (the “IPO”), or between May 27, 2021 and May 12, 2022 ( the “Class Period”) are encouraged to contact the firm before January 3, 2023.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us via the firm’s website at www.schallfirm.com or by e-mail at [email protected]

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to do nothing, you can remain an absent member of the group.

According to the complaint, the company made false and misleading statements to the market. FIGS overestimated its ability to retain existing customers. The company has not informed investors of its growing reliance on air freight to facilitate its business. The company inflated its expected financial performance for 2022. Based on these facts, the company’s public statements throughout the IPO period were false and materially misleading. When the market learned the truth about FIGS, investors suffered damage.

Join the case to recoup your losses.

Schall Law Firm represents investors worldwide and specializes in securities class action and shareholder rights litigation.

This press release may be considered attorney advertising in certain jurisdictions under applicable law and ethical requirements.