Fitness gadget maker Basis to BodyMedia: Your lawsuit claims are invalid

It’s fitness gadget maker against fitness gadget maker. In February 2012, BodyMedia, maker of the FIT armbands that promote weight loss and health, filed a patent infringement civil action against competing fitness gadget maker Basis. On Monday of this week, three months after the suit was filed in court, BodyMedia served the lawsuit to Basis. Thursday, Basis countered back, telling BodyMedia that its lawsuit claims are invalid.

FitBit raises $12M for personal fitness-tracking devices

FitBit, a maker of personal fitness-tracking gadgets, has raised $12 million in a third round of venture funding. The money comes investors that include Foundry Group and True Ventures, who are betting that fitness tracking will soon become a national obsession.