Glancy Prongay & Murray LLP (“GPM”) announces the filing of a class action lawsuit on behalf of investors who purchased Fitbit Inc. ("Fitbit" or the "Company") (NYSE: FIT) between June 18, 2015 and January 6, 2016, inclusive (the “Class Period”). Injured investors are encouraged to contact Lesley Portnoy of GPM at 310-201-9150 to discuss their legal rights.

On January 6, 2016, a class action lawsuit was reported 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's wearable devices were dangerously inaccurate. The claims against Fitbit include violations of California's Unfair Competition Law and Consumers Legal Remedies Act, common law fraud, and unjust enrichment. Upon this news, Fitbit stock dropped $1.40, or 5.8%, to close at $22.90 on January 6, 2016.

The complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational and compliance policies. Specifically, defendants made false and/or misleading statements and/or failed to disclose that: (i) Fitbit’s heart rate monitoring technology was inaccurate and did not consistently deliver accurate heart rate readings during exercise; (ii) the inaccuracy of Fitbit’s heart rate monitoring technology posed serious health risks to users of Fitbit’s products; and (iii) as a result of the foregoing, Fitbit’s public statements were materially false and misleading at all relevant times.

Update: On February 23, 2016, the Company’s shares fell $3.44 per share, or 21%, to close at $13.08 per share, on news that Fitbit was lowering its revenue and profit forecasts, citing higher costs and slower-than-expected sales from the rollout of its newest products.

If you purchased Fitbit securities you have until March 11, 2016 to request that the Court appoint you as lead plaintiff. If you have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Glancy Prongay & Murray, Los AngelesLesley Portnoy, 310-201-9150 or 888-773-9224shareholders@glancylaw.comwww.glancylaw.com

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