Fitbit Inc
0 DAYS LEFT TO SEEK LEAD PLAINTIFF STATUS
Case Summary | |
Company Name: | Fitbit Inc |
Stock Symbol : | NYSE: FIT |
Class Period Start: | 06/18/2015 |
Class Period End: | 01/06/2016 |
Lead Plaintiff motion: | 03/11/2016 |
Date Filed: | 01/11/2016 |
Type of Case: | Securities Class Action |
Court: | U.S. District Court for the Northern District of California |
Summary: | Thieler Law Corp advises investors with losses exceeding $100,000 of the March 11, 2016 lead plaintiff deadline in a class action lawsuit filed against Fitbit Inc (NYSE: FIT) (“Fitbit” or “the Company”). The suit is pending in the U.S. District Court for the Northern District of California and investors, who purchased Fitbit Inc securities between June 18, 2015 and January 6, 2016, have until March 11, 2016 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class. If you purchased Fitbit Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class. The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Fitbit’s heart rate monitoring technology was inaccurate and did not consistently deliver accurate heart rate readings during exercise; the inaccuracy of Fitbit’s heart rate monitoring technology posed serious health risks to users of Fitbit’s products; and as a result of the foregoing, Fitbit’s public statements were materially false and misleading at all relevant times. On January 6, 2016, a class action lawsuit was reported filed against Fitbit alleging that the heart rate monitoring systems on the Company's Charge HR and Surge devices were dangerously inaccurate and posed serious health risks. Following this news, Fitbit shares declined $1.40, or 5.8%, to close at $22.90 on January 6, 2016. If you were negatively impacted by your investment in Fitbit Inc securities between June 18, 2015 and January 6, 2016 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation. Thieler Law Corp purchases advertisements on search engines, social media sites and other websites. If you send us information, note that does not create an attorney-client relationship with the firm. Thieler Law Corp 2534 State Street - Suite 406, San Diego, CA 92101 by email: mail@thielerlaw.com or telephone at +1 (619) 377 - 4324 or visit our website http://www.thielerlaw.com/ or Facsimile: +1 (619) 785 – 3185
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