Rigrodsky & Long, P.A. Announces A Securities Fraud Class Action Lawsuit Has Been Filed Against Fitbit, Inc. (NYSE: FIT)
January 12, 2016 | Shareholder Securities Fraud Litigation
R & L is investigating claims brought in a securities fraud class action complaint against Fitbit, Inc. ("Fitbit") concerning whether Fitbit and certain of the Company’s directors and/or officers made materially false and misleading statements and failed to disclose materially adverse facts between June 18, 2015 and January 6, 2016, inclusive, including those investors who acquired Fitbit shares pursuant to or traceable to its initial public offering commenced on June 18, 2015 (the “Class Period”), concerning the Company’s business, operations and prospects. These misrepresentations and omissions artificially inflated the price of the Company's stock throughout the Class Period.