SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Shareholders of Fitbit, Inc. of Class Action and a Lead Plaintiff Deadline o...
10 March 2016 - 11:46AM
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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