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Jawbone accuses Fitbit of stealing data | Jawbone accuses Fitbit of stealing data |
(about 17 hours later) | |
Jawbone is suing rival fitness technology firm Fitbit, accusing it of stealing commercially sensitive data. | Jawbone is suing rival fitness technology firm Fitbit, accusing it of stealing commercially sensitive data. |
The lawsuit accuses Fitbit of poaching staff, stealing intellectual property and confidential trade data. | The lawsuit accuses Fitbit of poaching staff, stealing intellectual property and confidential trade data. |
Former Jawbone staff used USB storage devices to take data to Fitbit, the San Francisco lawsuit alleges. | Former Jawbone staff used USB storage devices to take data to Fitbit, the San Francisco lawsuit alleges. |
Fitbit says it is "unaware" of any confidential information from Jawbone in its possession and will "vigorously" defend itself against the allegations. | |
In a statement Fitbit also said: "As the pioneer and leader in the connected health and fitness market, Fitbit has no need to take information from Jawbone or any other company." | |
Earlier this month Fitbit, which makes wearable devices that record health data, launched its first share sale in which it hopes to raise $100m (£65m). | Earlier this month Fitbit, which makes wearable devices that record health data, launched its first share sale in which it hopes to raise $100m (£65m). |
The company plans to list shares on the New York Stock Exchange. | The company plans to list shares on the New York Stock Exchange. |
Fitbit reported sales of almost $340m in the first quarter of this year, triple the same period in 2014. | Fitbit reported sales of almost $340m in the first quarter of this year, triple the same period in 2014. |
Jawbone allegations | |
Jawbone's lawsuit names Fitbit and five former Jawbone employees. Jawbone also believes 10 other former staff were involved. | Jawbone's lawsuit names Fitbit and five former Jawbone employees. Jawbone also believes 10 other former staff were involved. |
The case says that a recruiter from Fitbit contacted 30% of Jawbone's staff. Both companies are based in San Francisco. | The case says that a recruiter from Fitbit contacted 30% of Jawbone's staff. Both companies are based in San Francisco. |
Jawbone is seeking compensation wants to prevent former employees from disclosing any other commercially sensitive information. | Jawbone is seeking compensation wants to prevent former employees from disclosing any other commercially sensitive information. |
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