Fitbit settles securities fraud class action

April 25, 2018 by

After two years of litigation, a California federal judge approved a $33 million class action settlement resolving allegations that Fitbit Inc. hid problems with its fitness trackers and artificially inflated its stock price.

The case is Robb v. Fitbit Inc. et al., case number 3:16-cv-00151, in the U.S. District Court for the Northern District of California.

Steve Larson
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