Fitbit, Garmin, other wearable devices under U.S. scrutiny

The U.S. International Trade Commission says it will investigate wearable monitoring devices made by Fitbit (NYSE:FIT) and Garmin (NASDAQ:GRMN) following allegations of patent violations by rival Philips (NYSE:PHG).

Philips and Philips North America are calling for tariffs or an import ban and allege the other companies have infringed on Philips patents or misappropriated its intellectual property.

While the U.S. ITC agreed to launch a probe, it says it “has not yet made any decision on the merits of the case.”

https://seekingalpha.com/news/3531119-fitbit-garmin-wearable-devices-under-u-s-scrutiny