Published
July 2, 2026
Investors who bought Stitch Fix (SFIX) stock between June 9, 2020 and June 9, 2022 can claim a share of a $32 million fund — brokerage records required.
What Is the Stitch Fix Securities Settlement About?
Did you buy or otherwise acquire Stitch Fix, Inc. common stock (NASDAQ: SFIX) between June 9, 2020 and June 9, 2022? A $32,000,000 cash settlement has been reached in the securities class action Retail Wholesale Department Store Union Local 338 Retirement Fund v. Stitch Fix, Inc., and you may be eligible to file a claim for a share of the fund. The deadline to submit a Claim Form is October 7, 2026.The case is pending in the United States District Court for the Northern District of California, San Jose Division, Case No. 5:22-cv-04893-PCP, before Judge P. Casey Pitts. The lawsuit alleges that Stitch Fix and two of its former Chief Executive Officers, Katrina Lake and Elizabeth Spaulding, violated the federal securities laws by making materially false and misleading statements to investors about Stitch Fix's new "Direct Buy" business line and whether Direct Buy was "additive," "incremental," and "complementary" to the company's core business — the "Fix," a curated box of clothing and accessories. According to the complaint, those statements artificially inflated the price of Stitch Fix common stock, and investors were damaged when corrective information reached the market.
Stitch Fix and the individual defendants deny all claims and allegations of wrongdoing, deny that the class was harmed, and agreed to settle solely to eliminate the burden, expense, and risk of further litigation. The Court has not decided in favor of either side. The $32,000,000 Settlement Amount will earn interest and be reduced by Court-approved attorneys' fees, litigation expenses, notice and administration costs, and any taxes before being distributed to eligible claimants. The Court preliminarily approved the settlement on May 18, 2026.
Status
Claims Open
Claim Deadline
October 7, 2026
settlement hearing September 24, 2026 at 10:00 a.m. PT · opt-out/object by August 27, 2026
Estimated Payout
~$0.17 per eligible share (avg, before fees)
$32,000,000 cash fund · pro rata by Recognized Claim · no payment under $10.00
Proof Required
Yes
brokerage records of your SFIX purchases, sales & holdings
Who Qualifies for the Settlement Class?
The Settlement Class includes all persons and entities who purchased or acquired Stitch Fix common stock from June 9, 2020 through June 9, 2022, inclusive, and were damaged thereby.During the Settlement Class Period, Stitch Fix common stock traded on the Nasdaq Stock Market under the ticker symbol SFIX.
Certain parties are excluded from the Settlement Class, including: the defendants; members of the individual defendants' immediate families; anyone who was an officer or director of Stitch Fix during the class period and their immediate families; Stitch Fix affiliates and subsidiaries; any entity in which a defendant or their immediate family has or had a controlling interest; the legal representatives, heirs, agents, successors, and assigns of any excluded person or entity; and anyone who validly and timely requests exclusion from the class.
Receiving a notice does not automatically mean you are a class member or that you will receive money. The parties and the Claims Administrator do not have access to your individual trading records, so you must check your own brokerage statements (or contact your broker) to confirm your SFIX transactions, and you must submit a Claim Form to be eligible for a payment.
Participants in a Stitch Fix employee benefit plan covered by ERISA should not include shares held through the plan on their own Claim Form — claims for plan-held shares may be made by the plan's trustees. Include only shares you purchased or acquired outside the plan.
How Much Can You Get?
Your payment depends on when you bought and sold your Stitch Fix shares, the prices you paid and received, and the total Recognized Claims of all valid claims filed. Because the Net Settlement Fund is divided proportionally, no one can tell you an exact amount in advance.Based on the damages consultant's estimate of eligible shares, and assuming all eligible investors file, the notice estimates an average recovery of about $0.17 per eligible share before deductions. If the Court approves the maximum requested attorneys' fees (up to 25% of the fund) and litigation expenses (up to $300,000), those deductions are estimated to average about $0.04 per share. These figures are estimates only — some class members will recover more or less per share.
Your actual recovery is calculated under the Court-approved Plan of Allocation, which assigns a Recognized Loss Amount to each eligible share based on when it was purchased and sold relative to the alleged artificial inflation (which the plan estimates at $23.53 per share early in the class period, stepping down to $0.89 by June 9, 2022) and the corrective disclosures of March 8, 2021, December 7, 2021, March 8, 2022, and June 9, 2022. Notable features of the plan:
• Shares purchased or acquired from June 9, 2020 through December 7, 2020 have their Recognized Loss Amounts reduced to 10% of the calculated value, because the Court had dismissed claims for shares bought during that window.
• Shares sold before the close of trading on March 8, 2021 (the first corrective disclosure) have a Recognized Loss Amount of $0.00.
• Purchases and sales are matched on a first-in, first-out (FIFO) basis, and the plan applies the PSLRA's 90-day look-back rule, using an average closing price of $6.00 for shares held through September 7, 2022 and a holding value of $6.34 for shares still held at the end of the class period.
• Claimants with an overall market gain on their class-period SFIX trading recover nothing, and no distribution of less than $10.00 will be made.
After all claims are processed and the settlement becomes final, each authorized claimant receives a pro rata share of the Net Settlement Fund equal to their Recognized Claim divided by the total Recognized Claims of all claimants.
What Did Stitch Fix Allegedly Do?
Stitch Fix is an online personal styling service. During the class period, its core product was the "Fix" — a box of five clothing or accessory items curated by the company's stylists. In 2020 and 2021, the company rolled out "Direct Buy" (later "Freestyle"), which let customers buy individual items directly rather than through a Fix.Plaintiffs allege that from December 2020 through September 2021, the defendants told investors that Direct Buy was "additive," "incremental," and "complementary" to the core Fix business when it allegedly was not, keeping the SFIX stock price artificially high. The complaint alleges that as corrective information reached the market — on March 8, 2021, December 7, 2021, March 8, 2022, and June 9, 2022 — the stock price fell and investors were damaged.
The case was filed in August 2022 and survived, in part, two rounds of motions to dismiss: on July 9, 2025, the Court sustained claims under Section 10(b) of the Securities Exchange Act as to four statements made from December 2020 through September 2021, while dismissing the remaining alleged misstatements and the Section 20(a) control-person claims. After a full-day mediation on November 13, 2025 — for which the defendants produced over 6,000 pages of internal documents — the parties accepted the mediator's recommendation to settle for $32,000,000. The defendants continue to deny all allegations of wrongdoing, and the settlement is not an admission of liability by anyone.
How to File a Stitch Fix Claim
To receive a payment, you must submit a Claim Form with supporting documentation. There are two ways to file, both with the same October 7, 2026 deadline:Method 1: Online. Complete and submit the Claim Form electronically through the official Settlement Website by October 7, 2026.
Method 2: U.S. Mail. Download the printable Claim Form from the official Settlement Website (or use the one mailed with your notice), complete it, attach your supporting documentation, and mail it to the Claims Administrator so that it is postmarked no later than October 7, 2026.
Before you file, gather your brokerage records. The Claim Form asks you to list and document your holdings of Stitch Fix common stock at the start of the class period and every purchase, acquisition, and sale from June 9, 2020 onward — trade dates, share quantities, and prices. Brokerage confirmations or monthly account statements are the documents the administrator typically accepts. Keep copies of everything you submit, and retain all records of your SFIX transactions.
Claim Form Website: StitchFixSecuritiesLitigation.com
Submit Claim
Key Stitch Fix Settlement Deadlines
• Settlement Class Period: June 9, 2020 through June 9, 2022 (inclusive)
• Exclusion (opt-out) deadline: received by August 27, 2026
• Objection deadline: filed or postmarked by August 27, 2026
• Claim Form deadline: submitted online or postmarked by October 7, 2026
• Settlement Hearing: September 24, 2026 at 10:00 a.m. Pacific Time, Courtroom 8, 4th Floor, Robert F. Peckham Federal Building & United States Courthouse, San Jose, CA
The Court may change the date or time of the Settlement Hearing, or hold it by video or telephone conference, without further written notice. Check the official Settlement Website before making plans to attend.
Your Options: Claim, Exclude Yourself, Object, or Do Nothing
As a Settlement Class Member, you have several choices, each with consequences:• Submit a Claim Form — the only way to receive a payment. Deadline: October 7, 2026.
• Exclude yourself (opt out) — you receive no payment but keep the right to sue the defendants separately about the released claims. A written request with your SFIX transaction details must be received by August 27, 2026.
• Object — stay in the class but tell the Court in writing why you disagree with the settlement, the Plan of Allocation, or the fee request. Objections must be filed or postmarked by August 27, 2026, with documentation of your class membership. If you also want to speak at the hearing, you must file a notice of intention to appear by the same date.
• Do nothing — you receive no payment and, unless you opt out, you are still bound by the settlement and give up your right to sue over the released claims.
Attorneys' Fees and Expenses
Lead Counsel, Bernstein Litowitz Berger & Grossmann LLP, has litigated the case on a fully contingent basis and will ask the Court to award attorneys' fees of up to 25% of the Settlement Fund, plus payment of litigation expenses of up to $300,000, which may include costs incurred by the lead plaintiffs in representing the class. Lead Counsel's fee motion will be filed by July 23, 2026 and posted on the Settlement Website. The Court decides the actual amounts, which come out of the Settlement Fund — class members are not personally liable for any fees or expenses.Watch Out for Settlement Scams
With any securities settlement, be cautious about how you file and who you share information with:• Use the official Settlement Website only: StitchFixSecuritiesLitigation.com. Bookmark it, and be wary of emails or texts linking to a similar-looking page on a different domain.
• Never pay a fee. Legitimate class action settlements never charge an activation, release, or processing fee to send you your money.
• Share only what is needed. The Claims Administrator needs your transaction documentation and contact details — not banking passwords or unrelated personal data.
• If you lost your notice or need help, use the contact options on the official Settlement Website rather than responding to unsolicited messages.
Frequently Asked Questions About the Stitch Fix Settlement
What is the Stitch Fix securities settlement?
A $32,000,000 cash settlement resolving Retail Wholesale Department Store Union Local 338 Retirement Fund v. Stitch Fix, Inc., Case No. 5:22-cv-04893-PCP, in the U.S. District Court for the Northern District of California. The lawsuit alleged that Stitch Fix and two former CEOs made materially false and misleading statements about the company's Direct Buy business line and whether it was additive, incremental, and complementary to Stitch Fix's core Fix business. Defendants deny all wrongdoing.
Who is included in the Stitch Fix Settlement Class?
All persons and entities who purchased or acquired Stitch Fix common stock (NASDAQ: SFIX) from June 9, 2020 through June 9, 2022, inclusive, and were damaged thereby. Defendants, Stitch Fix officers and directors and their immediate families, company affiliates, and certain related parties are excluded, along with anyone who validly requests exclusion.
How much money can I get from the Stitch Fix settlement?
The notice estimates an average recovery of approximately $0.17 per eligible share before deductions, and estimates court-approved fees and expenses of about $0.04 per share. Your actual payment depends on when you bought and sold SFIX shares, your prices, and the total valid claims filed, calculated under the court-approved Plan of Allocation. No distribution under $10.00 will be made.
What is the deadline to file a Stitch Fix claim?
Claim Forms must be submitted online or postmarked by October 7, 2026. Requests for exclusion and objections must be received or postmarked by August 27, 2026. The Court will hold a Settlement Hearing on September 24, 2026 at 10:00 a.m. Pacific Time in San Jose, California.
What proof do I need to file a Stitch Fix claim?
Yes, documentation is required. You must list and document your purchases, acquisitions, and sales of Stitch Fix common stock during the relevant periods. Brokerage confirmations or account statements showing trade dates, share quantities, and prices are the typical supporting documents. The parties and the Claims Administrator do not have your individual trading records.
What happens if I do nothing?
If you do nothing, you will not receive a payment, and unless you exclude yourself by August 27, 2026, you will still be bound by the settlement and give up your right to sue the defendants over the released claims. The only way to receive money is to submit a valid Claim Form by October 7, 2026.
Sources
• Notice of (I) Pendency of Class Action and Proposed Settlement; (II) Settlement Hearing; and (III) Motion for Attorneys' Fees and Litigation Expenses, Retail Wholesale Department Store Union Local 338 Retirement Fund v. Stitch Fix, Inc., No. 5:22-cv-04893-PCP (N.D. Cal.), dated June 9, 2026• Stipulation and Agreement of Settlement dated February 6, 2026
• Official Settlement Website: StitchFixSecuritiesLitigation.com
• Lead Counsel: Bernstein Litowitz Berger & Grossmann LLP
Filing Class Action Settlement Claims
Please submit only truthful information through the official Settlement Website, and document your SFIX transactions accurately. The official Settlement Website is the authoritative source for benefit amounts, deadlines, and filing instructions. If you are unsure whether you qualify, contact the Claims Administrator through the Settlement Website. OpenClassActions.com is a consumer news site and is not the Claims Administrator, Lead Counsel, or a law firm, and we do not process or decide claims.
For more class actions keep scrolling below.
Settlement Amount
$32,000,000
Case Title
Retail Wholesale Department Store Union Local 338 Retirement Fund v. Stitch Fix, Inc.
Case Number
5:22-cv-04893-PCP
Court
U.S. District Court, Northern District of California (San Jose Division)
Class Period
June 9, 2020 – June 9, 2022
Claim Deadline
October 7, 2026
Settlement Hearing
September 24, 2026 at 10:00 a.m. PT
Courtroom 8, 4th Floor, Robert F. Peckham Federal Building, San Jose, CA
Lead Counsel
Bernstein Litowitz Berger & Grossmann LLP
Administrator
A.B. Data, Ltd.
Official Website
Stitch Fix Securities Litigation.com
