April 15, 2016
Attorneys for various Fitbit investors jostled Friday to lead a putative class action in California alleging the company lied about its fitness tracking technology and inflated its stock prices, with a Scott & Scott LLP attorney who represents institutional investors bashing a group of individual investors as lawyer-driven.
January 11, 2016
Fitbit Inc. on Monday was hit with a proposed shareholder class action lawsuit in California federal court that claims the fitness tracking device company lied in statements issued in connection with its initial public offering and afterwards about the reliability of its heart rate monitoring technology.