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Fitbit Investors' $8.25M Atty Fee Bid 'A Little Rich,' Judge Says

Law360, San Francisco (April 20, 2018, 6:55 PM EDT) -- A California federal judge on Friday approved a $33 million class action settlement resolving allegations that Fitbit Inc. hid problems with its fitness trackers and artificially inflated its stock price, but held off on awarding $8.25 million in attorneys’ fees, saying the amount “might be a little rich for this case.”

During a hearing in San Francisco, U.S. District Judge Susan Illston said she thinks the $8.25 million in attorneys’ fees, which represents 25 percent of the settlement, might be too large. She also said she...
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Case Information

Case Title

Robb v. Fitbit Inc. et al


Case Number

3:16-cv-00151

Court

California Northern

Nature of Suit

Securities/Commodities

Judge

Susan Illston

Date Filed

January 11, 2016

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