CHICAGO (Legal Newsline) — An Illinois woman has instituted a class action lawsuit against Fitbit, Inc., alleging its devices were manufactured with screens that are prone to crack over time.
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WILMINGTON, Del. (Legal Newsline) – A handful of Fitbit stockholders’ breach of fiduciary duties case against members of the company’s board of directors survived dismissal in the Court of Chancery of the State of Delaware on Dec. 14.
The U.S. Securities and Exchange Commission (SEC) has filed additional fraud charges in a case relating to alleged false regulatory filings as part of a scheme to manipulate Fitbit securities.