SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Fitbit, Inc. of Class Action & a Lead Plaintiff Deadline of...
February 16 2016 - 1:02PM
Business Wire
The following statement is being issued by Levi & Korsinsky,
LLP:
To: All persons or entities who purchased or otherwise
acquired securities of Fitbit, Inc. (“FitBit”) (NYSE:FIT)
between June 18, 2015 and January 6,
2016.
You are hereby notified that a securities class action
lawsuit has been commenced in the USDC for the Northern District of
California. If you purchased or otherwise acquired FitBit
securities between June 18, 2015 and January 6, 2016, your rights
may be affected by this action. To get more information go
to:
http://zlk.9nl.com/fitbit
or contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877)
363-5972. There is no cost or obligation to you.
The complaint alleges that throughout the class period,
defendants made false and/or misleading statements and/or failed to
disclose that: (i) Fitbit’s heart rate monitoring technology was
inaccurate and did not consistently deliver accurate heart rate
readings during exercise; (ii) the inaccuracy of Fitbit’s heart
rate monitoring technology posed serious health risks to users of
Fitbit’s products; and (iii) as a result of the foregoing, Fitbit’s
public statements were materially false and misleading at all
relevant times.
On January 5, 2016, a consumer class action lawsuit was filed
against Fitbit in the USDC for the Northern District of California,
alleging that the heart rate monitoring systems on the Company's
Charge HR and Surge devices were dangerously inaccurate and posed
serious health risks.
If you suffered a loss in Fitbit you have until March 11, 2016 to request that the Court
appoint you as lead plaintiff. Your ability to share in any
recovery doesn’t require that you serve as a lead plaintiff.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut and Washington D.C. The firm’s
attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits.
Attorney advertising. Prior results do not guarantee similar
outcomes.
CONTACT:Levi & Korsinsky, LLPJoseph E. Levi, Esq.30 Broad
Street - 24th FloorNew York, NY 10004Tel: (212) 363-7500Toll Free:
(877) 363-5972Fax: (212) 363-7171www.zlk.com
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version on businesswire.com: http://www.businesswire.com/news/home/20160216006435/en/
Levi & Korsinsky, LLPJoseph E. Levi, Esq.(212) 363-7500,
toll-free: (877) 363-5972jlevi@zlk.com
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