Jawbone Says It’s Not Insolvent in Fitbit Patent Trade Case

Jawbone doesn’t mind Fitbit Inc. dropping its U.S. International Trade Commission complaint in their ongoing patent battle—but it does object to being characterized as insolvent (In the Matter of Certain Wearable Activity Tracking Devices, Systems and Components Thereof, USITC, No. 337-TA-973, response filed 12/28/16).

Jawbone, in its Dec. 28 response to Fitbit’s motion to dismiss, said it wants to correct the record concerning its financial status. Fitbit had claimed Jawbone was going bankrupt.

“Fitbit calls into question the financial stability of Jawbone by relying on speculative press reports and third- party sources rather than any information directly from ...