LOS ANGELES--(BUSINESS WIRE)--Lundin Law PC announces a class action lawsuit has been filed against Fitbit Inc. (“Fitbit” or the “Company”) (NYSE: FIT) concerning possible violations of federal securities laws. Investors who purchased or otherwise acquired shares between June 18, 2015 and January 6, 2016, inclusive (the “Class Period”) should contact the Firm in advance of the March 11, 2016 lead plaintiff deadline.
To participate in this class action lawsuit, please contact Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or via e-mail at brian@lundinlawpc.com.
According to the complaint, the Company failed to disclose that: (1) Fitbit’s heart rate monitoring technology was inaccurate and did not consistently deliver accurate heart rate readings during exercise; and (2) the inaccuracy of Fitbit’s heart rate monitoring technology posed serious health risks to users of Fitbit’s products.
No class has been certified in the above action. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
Lundin Law PC was created by Brian Lundin, a securities litigator based in Los Angeles.
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