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Fitbit Can’t Outrun Disclosure Suit Over Faulty Tracking Technology

Oct. 31, 2016, 4:00 AM

Fitness device manufacturer Fitbit, Inc. failed to persuade a federal judge to dismiss investors’ claims it falsely touted the reliability of its heart rate tracking technology (Robb v. Fitbit, Inc., 2016 BL 359028, N.D. Cal., 3:16-cv-00151, 10/26/16).

Investors pointed to specific allegedly misleading statements and adequately pleaded that corporate executives were aware the devices didn’t perform as represented, Judge Susan Illston of the U.S. District Court of the Northern District of California said Oct. 26.

PurePulse Technology.

According to the class, in October 2014, Fitbit announced its new proprietary PurePulse optical heart rate technology that purported to...

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