SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky

January 19, 2016 12:30 ET

INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Fitbit, Inc. of Class Action Lawsuit and a Lead Plaintiff Deadline of March 11, 2016 -- FIT

NEW YORK, NY--(Marketwired - January 19, 2016) - 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: FITbetween 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 Information

  • 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