Hynes Keller & Hernandez, LLC is investigating potential claims against the Board of Directors of Fitbit (NYSE: FIT) concerning possible breaches of fiduciary duty. On January 6, 2016, a class action lawsuit was filed against Fitbit in the U.S. District Court for the Northern District of California alleging that the heart rate monitoring systems on the company’ wearable devices are inaccurate. The claims against Fitbit include violations of California’s Unfair Competition Law and Consumer Legal Remedies Act, common law fraud and unjust enrichment.
Shareholders interested in seeking to recover damages on behalf of FIT and to implement corporate governance measures designed to prevent future misconduct should contact the firm.
If you hold FIT shares and you would like to discuss your legal rights, please email the firm at info@hkh-lawfirm.com. You can also contact us by calling Michael J. Hynes at (610) 994-0292 or by sending an e-mail to mhynes@hkh-lawfirm.com.