Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Fitbit Inc. ("Fitbit" or the "Company") (NYSE: FIT) between June 18, 2015 and January 6, 2016, inclusive (the “Class Period”). Injured investors are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action.

On January 6, 2016, a class action lawsuit was reported filed against Fitbit in the U.S. District Court for the Northern District of California, alleging that the heart rate monitoring systems on the company's wearable devices were dangerously inaccurate. The claims against Fitbit include violations of California's Unfair Competition Law and Consumers Legal Remedies Act, common law fraud, and unjust enrichment. Upon this news, Fitbit stock dropped $1.40, or 5.8%, to close at $22.90 on January 6, 2016.

The complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, 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.

Update: On February 23, 2016, the Company’s shares fell $3.44 per share, or 21%, to close at $13.08 per share, on news that Fitbit was lowering its revenue and profit forecasts, citing higher costs and slower-than- expected sales from the rollout of its newest products.

If you purchased Fitbit securities during the Class Period you may move the Court no later than March 11, 2016 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Law Offices of Howard G. SmithHoward G. Smith, Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com

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