In this latest action, Stephen Lopes is alleging that Fitbit made materially false and misleading statements and failed to disclose material adverse facts about its business during the period from Aug. 2, 2016 to Jan. 30, 2017. FIT shares fell to $6.06 from $13.16 over that period, during which the company twice lowered guidance. The suit, filed in No. CA District Court, alleges that Fitbit management didn’t ... Log in to view full article.