Medical outfitter FIGS, Inc. again beat investors’ challenge over statements concerning its demand, inventory, and shipping costs, a federal judge ruled.
Judge Otis D. Wright II is letting shareholders re-plead some claims again in the US District Court for the Central District of California, but said he’ll have a heightened level of scrutiny if the second amended class action complaint is “byzantine” like the first.
“Accordingly, the Court will take a jaundiced view of any amended pleading that is lengthier than the FAC, and will be inclined to strike an amended pleading that perpetuates this prolixity, preventing meaningful analysis ...
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