FIGS wins $800 million lawsuit against Strategic Partners after four-year battle
FIGS prevailed in a four-year legal battle against Strategic Partners, the parent company of Dickies and Cherokee, which had sued for $800 million over alleged false claims and trade secret theft. The founders spent approximately $40 million on legal defense to secure the verdict.
FIGS engaged in a four-year legal battle with Strategic Partners, the parent company of Dickies and Cherokee, which began in early 2019. Strategic Partners sued FIGS for $800 million, alleging false claims and theft of trade secrets. The founders chose to fight the lawsuit rather than settle, spending approximately $40 million on legal defense. The trial took place in Santa Ana, where the founders lived in a hotel during proceedings.
In early 2022, a jury ruled in favor of FIGS. The founders stated that the company's innovation and strong business performance were key to winning the case, noting that Strategic Partners' strategy relied on litigation rather than innovation. The legal victory came at a significant financial cost, with the founders acknowledging that the lawyers were the primary beneficiaries of the settlement amount. They described the outcome as a testament to the company's product strength against a litigation-heavy playbook designed to suppress competition.