UPDATES FROM THE TRIAL
Jury Fully Rejects SPI’s Meritless Lawsuit Against FIGS
FIGS, Inc. (NYSE: FIGS), the direct-to-consumer healthcare apparel and lifestyle brand, today announced a jury in the United States District Court for the Central District of California has found in favor of FIGS and rejected all of the claims made by Strategic Partners, Inc. (“SPI,” also known as Careismatic Brands).
Fired SPI CEO Mike Singer’s Emails Reveal: When SPI Couldn’t Beat FIGS Fairly, They Decided to “Attack”
Strategic Partners, Inc. lacked an online or direct-to-consumer (DTC) strategy. When FIGS started succeeding, SPI tried to copy us. When it couldn’t, SPI decided to “attack.”
Singer’s Emails Show: SPI Knew It Lacked Any Legitimate Basis for a Lawsuit
To “attack” FIGS, former SPI CEO Mike Singer tried hard to find anything that FIGS was doing that it could possibly manufacture a lawsuit over. But his team came up empty.
SPI’s CEO Was Obsessively Tracking FIGS and its Founders
Strategic Partners, Inc.’s former CEO Mike Singer was obsessed with FIGS, not only closely monitoring it while the company was growing, but even keeping tabs on FIGS’ co-founder Heather Hasson, going back over a decade.
HYPOCRISY: SPI should be suing itself because it marketed antimicrobial way more aggressively than FIGS ever did
Despite suing us for it, Strategic Partners, Inc. used the same antimicrobial treatment as FIGS and yet made even stronger claims about it.