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Securities

Jul. 24, 2025

Stitch Fix executives accused of insider trading

Shareholders sued Stitch Fix executives and directors, alleging insider trading and fiduciary breaches tied to the Freestyle program, which they claim severely hurt the company's subscription model and stock value.

Four former executives for Stitch Fix Inc., a subscription-based clothing retailer, and a company investor were accused of insider trading between 2020 and 2022, when the company's stock fell 90% after it began selling items piece by piece.

The shareholder lawsuit, filed in San Francisco federal court on Tuesday, also accused six current and former Stitch Fix directors of fiduciary breaches over claims they misrepresented the "cannibalistic" impact of the 2020 launch...

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