NEW YORK, March 8, 2016 /PRNewswire/ -- 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, LLP
Joseph E. Levi, Esq.
30 Broad Street - 24th Floor
New York, NY
10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
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SOURCE Levi & Korsinsky, LLP