According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) in addition to the tragic death of a child, Peloton’s Tread+ had caused a serious safety threat to children and pets as there were multiple incidents of injury to both; (2) safety was not a priority to Peloton as defendants were aware of serious injuries and death resulting from the Tread+ yet did not recall or suggest a halt of the use of the Tread+; (3) as a result of the safety concerns, the U.S. Consumer Product Safety Commission ("CPSC") declared the Tread+ posed a serious risk to public health and safety resulting in its urgent recommendation for consumers with small children to cease using the Tread+; (4) the CPSC also found a safety threat to Tread+ users if they lost their balance; and (5) as a result of the foregoing, defendants’ statements about Peloton’s business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
Peloton Interactive Inc. Class A Common Stock Pton Securities Litigation
Apr 30, 2021 | Peloton Interactive Inc. Class A Common Stock NASDAQ: PTON | Case Status: Filed
Filing Deadline: June 28, 2021
If you purchased a significant amount of shares of Peloton Interactive Inc. Class A Common Stock (NASDAQ: PTON), you have certain options. Investors should contact us before June 28, 2021.
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First Identified Complaint
Ashley Wilson, et al. v. Peloton Interactive, Inc., et al.
First Identified Complaint Filings
|#||Document Title||Filing Date|
|1||Class Action Complaint for Violation of the Federal Securities Laws||April 29th, 2021|
|2||U.S. District Court Civil Docket||April 30th, 2021|