Rival fitness companies Fitbit and Jawbone have been fighting over a few lawsuits for the past couple of years, but Fitbit recently put one to rest. Just before the Christmas holiday, Fitbit dropped a case it filed with the US International Trade Commission claiming Jawbone had violated one of Fitbit's patents. The trial for this case had been set for March 2017, and if Fitbit had won, it would have prevented Jawbone from importing its devices into the US.
In a report from The Wall Street Journal, Fitbit states: "Jawbone appears to be a different company. SEC filings of one of its biggest investors now value Jawbone shares as worth nothing, as well as indicate that Jawbone has filed for bankruptcy or is in default."
There are no reports of Jawbone being in default, nor has the company filed for bankruptcy. Jawbone gave a statement to Recode which states: "By dismissing this action, Fitbit is no longer seeking to block importation of Jawbone devices, including Jawbone products in development. Jawbone believes this case—involving patents already found once to be invalid—should have been dismissed long ago by Fitbit."