Retail Wholesale Department Store Union Local 338 Retirement Fund v. Stitch Fix, Inc.
Opinion
Trial Court Opinion
UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 6 RETAIL WHOLESALE DEPARTMENT Case No. 22-cv-04893-PCP
STORE UNION LOCAL 338
RETIREMENT FUND, et al.,
ORDER GRANTING MOTION TO
Plaintiffs, DISMISS WITH LEAVE TO AMEND v. Re: Dkt. No.
STITCH FIX, INC., et al., Defendants. 12 13 Court-appointed lead plaintiffs (four pension and benefit funds) bring this class action securities lawsuit against Stitch Fix, Inc., Stitch Fix’s former CEO Elizabeth Spaulding, and Stitch Fix’s founder Katrina Lake. Defendants Stitch Fix, Spaulding, and Lake now move to dismiss the lawsuit under Federal Rule of Civil Procedure 12(b)(6). For the following reasons, the Court grants defendants’ motion to dismiss with leave to amend. BACKGROUND Stitch Fix is a clothing company whose core product is “Fix,” a box of five trial items curated by the company’s stylists that is mailed to customers. Customers purchase the items they decide to keep and return the rest, paying a fixed…