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Business Wire 1/5/16
Consumers File Class Action Against Fitbit, Inc. Alleging That Fitbit Charge HR and Surge Heart Rate Monitors Do Not Accurately Track Users’ Heart Rates
Business Wire Lieff Cabraser Heimann & Bernstein, LLP
SAN FRANCISCO--(BUSINESS WIRE)--
Consumers from California, Colorado, and Wisconsin today filed a nationwide class action lawsuit against Fitbit, Inc. (FIT) alleging that Fitbit’s wrist-based “Charge HR” and “Surge” heart rate monitors do not and cannot consistently record accurate heart rates during the intense physical activity for which Fitbit expressly markets the devices in widespread advertising. The suit contends—and expert testing confirms—that the Heart Rate Monitors consistently mis-record heart rates by a significant margin, particularly during intense exercise. Not only are accurate heart readings important for those engaging in fitness, they can be critical to the health and well-being of people whose medical conditions require them to maintain (or not exceed) a certain heart rate.
good luck ruckustorn, potential $10 gains for shorts to gap back down from last week.
How much do you guys pay for that service ?
Sentiment: Strong Buy
mustrader- cover baby this is fantastic news for NFLX
Sentiment: Strong Buy
KaloBios short sellers facing squeeze as CEO Shkreli says will no longer lend stock
Published: Nov 27, 2015
KaloBios is reminding investors of the Volkswagen short squeeze from 2008
The trader who appealed for help on GoFundMe after a short bet on KaloBios Pharmaceuticals Inc. left him with a $106,445.56 loss may soon have company. Trader Joe Campbell asked for help on GoFundMe, when his short on the stock went wrong. Campbell says he went to bed with some $37,000 in his trading account at
E-Trade on Nov. 18 and woke up to a debt of $106,445.56.Now other shorts will scramble to cover their positions, leaving Shkreli and others who are long the stock with all the pricing power. As the remaining 20% of the company was owned by the state of Lower Saxony, which was not willing to sell, short speculators were left with no ability to cover their positions. Volkswagen stock surged to more than 1,000 euros from about 200 euros in just a few days.