Fitbit Inc. Class Action Lawsuit - FIT

Company
Fitbit Inc. (NYSE: FIT)
Lead Plaintiff Deadline
December 31, 2018 (Expired)
Class Period
August 2, 2016 - January 30, 2017

Expired

Lead Plaintiff Deadline

Dec 31, 2018

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Allegations

(1) the company was struggling to transition its mission and differentiate itself from Apple Inc. and other competitors; (2) as such, the Company was experiencing increased competition; (3) as a result, demand and sell-through for the Company’s existing and new products were being negatively impacted; (4) as a result, the Company’s sales and financial results were weakening, and growth was slowing; (5) the Company’s financial guidance was overstated; and (6) as a result of the foregoing, Defendants’ statements during the Class Period about Fitbit’s business, operations, financial results and prospects, were materially false and/or misleading and/or lacked a reasonable basis.

Eligibility

In order to be eligible to join the FIT class action lawsuit, you must have incurred a loss on shares of purchased during the class period listed above.

Lead Plaintiff Deadline

If you suffered a loss in during the relevant time frame or pursuant to the relevant offering(s), you have until December 31, 2018 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.

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