Contact a Lawyer Now
Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until June 28, 2021 to file lead plaintiff applications in a securities class action lawsuit against Peloton Interactive, Inc. (NasdaqGS: PTON).
Peloton and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On May 5, 2021, the Company disclosed two separate recalls of its Tread+ and Tread treadmills following numerous reports of injury, advising that it had stopped sales and distribution and that “[c]onsumers who have purchased either treadmill should immediately stop using it and contact Peloton for a full refund or other qualified remedy.”
On this news, shares of Peloton plummeted 14%, or $14.08 per share, to close at $82.62 per share on May 5, 2021.
If you purchased securities of Peloton and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (email@example.com), or fill out the form on this page.
The case is Wilson v. Peloton Interactive, Inc., et al., 21-cv-03299.
Click here to read the case complaint.