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  "documentTitle": "FIGS, Inc. (FIGS)",
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      "text": "While it can be argued that the withdrawal of its health claims did not hurt FIGS' growth momentum, we believe: (1) that resolution of the case in SPI's favor could damage the FIGS brand, (2) that FIGS' constant narrative of caring for its healthcare customers is now in question, and (3) it provides an example of a management team willing to behave in aggressive practices.",
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      "text": "Recognizing the SPI lawsuit remains outstanding and there can be different interpretations of the record, we believe the most important data point is that FIGS withdrew its health claims in 2019, after SPI filed its lawsuit claiming false advertising and FIGS hired its first general counsel, Danielle Warner, in May 2019.",
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      "text": "Danielle Warner, General Counsel at FIGS",
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      "text": "FIGS' Retraction Seemed to Follow Soon After The Hiring of Its First General Counsel",
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      "text": "Source: Strategic Partners, Inc. v. FIGS, Inc., et al., case no. 2:19-cv-02286-JWH-KSx document 204-7, LinkedIn. Note: Red emphasis Spruce Point",
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      "text": "Excerpt from FIGS COO Devon Duff Gago Interrogatories",
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