Fitbit (FIT) Announces Favorable ITC Determination; Company Did Not Misappropriate Jawbone Trade Secrets
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ITC Issues Initial Determination in Favor of Fitbit
August 23, 2016 5:50 PM EDTFinds that Fitbit Did Not Misappropriate Jawbone Trade Secrets
Decision Follows Earlier Termination of Investigation into Claims of Patent Infringement
SAN FRANCISCO--(BUSINESS WIRE)-- Fitbit, Inc. (NYSE: FIT) today announced that the International Trade Commission (ITC or the Commission) issued an initial determination in favor of Fitbit in ITC Investigation No. 337-TA-963 brought by Jawbone. The Administrative Law Judge who presided over the merits hearing concluded that Fitbit did not misappropriate any Jawbone trade secrets. This determination followed earlier decisions that eliminated from this... More
