Nothing like fighting over scraps of a dead company. Buzzfeed reports that a former bookkeeper at the augmented reality company Skully is suing the company, alleging that founders Marcus and Mitch Weller misappropriated corporate money for their personal use. Isabelle Faithhhauer says the Wellers forced her into practices that defrauded investors. Those investors are … [Read more...]
Consumer Reports Validates Fitbit’s Heart Rate Tracker
The day Fitbit announced the Blaze tracker at CES, a class-action lawsuit harshed the company's buzz. (That, and an 18 percent drop in its stock price.) The claim was the heart rate monitor on the Fitbit Charge HR and Surge were inaccurate enough to cause harm. Fitbit pointed to its disclaimers, saying the monitor wasn't meant to be a medical device after all. Maybe Fitbit … [Read more...]
Jawbone Sues IPO-Bound Fitbit, Claims “Plundering” of Employees and Info
Just as Fitbit, leader in the fitness band market, is suiting up for its $100 million IPO, rival Jawbone has hit it with a particularly juicy lawsuit, claiming that Fitbit was systematically poaching its employees, who brought confidential information along with them. The complaint, filed in California Superior Court, claims that Fitbit contacted a third of Jawbone's … [Read more...]
