In re Fitbit, Inc. Stockholder Derivative Litigation
Court of Chancery of Delaware
1Opinion of the Court
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE IN RE FITBIT, INC. STOCKHOLDER ) Consolidated DERIVATIVE LITIGATION ) C.A. No. 2017-0402-JRS ORDER REFUSING APPLICATION FOR CERTIFICATION OF INTERLOCUTORY APPEAL WHEREAS, Plaintiffs filed a derivative complaint on behalf of Fitbit, Inc. alleging that certain members of the Fitbit board of directors and certain other Fitbit fiduciaries sold stock in Fitbit’s initial and follow-on public offerings before negative news regarding the efficacy of one of Fitbit’s key products was disclosed to the market, and that other directors allowed them to do…
2Cases cited8 opinions
- Guth v. Loft, Inc.Supreme Court of Delaware · 1939
- Desimone v. BarrowsCourt of Chancery of Delaware · 2007
- Thorpe by Castleman v. Cerbco, Inc.Supreme Court of Delaware · 1996
- Sandys Ex Rel. Zynga Inc. v. PincusSupreme Court of Delaware · 2016
- Kahn v. Kolberg Kravis Roberts & Co.Supreme Court of Delaware · 2011
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