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Jawbone sues Fitbit ahead of rival's IPO

May 28, 2015 4:37 AM ETFitbit, Inc. (FIT) StockFITBy: Yoel Minkoff, SA News Editor1 Comment
  • Fitbit (NYSE:FIT), on the verge of its (up to $100M) IPO, has been accused by archrival Jawbone of "systematically plundering" employees and confidential information, costing the latter "hundreds of millions of dollars."
  • The case is Fitbit's latest legal challenge after a large number of consumers filed lawsuits against it last year relating to the recall of its Force wristband, which caused skin irritation to some customers.

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