PTON EQUITY ALERT: ROSEN, RESPECTED AND LEADING LAW FIRM, Files Securities Class Action Lawsuit Against Peloton Interactive, Inc.; Encourages Investors with Losses Exceeding $100K to Contact Firm
NEW YORK, April 29, 2021 / PRNewswire / – Rosen Law Firm, a global investor rights law firm, announced that it has filed a class action lawsuit on behalf of buyers of the securities of Peloton Interactive, Inc. (NASDAQ: PTON) September 11, 2020 and April 16, 2021, inclusive (the “Class Period”). The lawsuit seeks to provide damages to peloton investors under federal securities laws.
To participate in the Peloton class action lawsuit, go to http://www.rosenlegal.com/cases-register-2079.htmlhttp://www.rosenlegal.com/cases-register-1961.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by email [email protected] or [email protected] Class action information.
According to the lawsuit, throughout the classroom, defendants made false and / or misleading statements and / or failed to disclose that: (1) Pelotons Tread + caused a serious safety threat to children and pets in addition to the tragic death of a child as it had multiple cases of injuries in both; (2) Safety was not a priority for Peloton as Defendants were aware of serious injuries and fatalities as a result of the Tread +, but did not remember or suggest adjusting the Tread +; (3) In response to safety concerns, the US Consumer Product Safety Commission (“CPSC”) stated that the Tread + poses a serious risk to public health and safety, leading to their strong recommendation for consumers with young children to use the Tread + no longer to be used. (4) The CPSC also identified a security threat to Tread + users if they lost their balance. and (5) Defendants’ statements about Peloton’s business, business and prospects were materially false and misleading and / or had no reasonable basis at all relevant times. When the real details hit the market, the lawsuit alleged that investors suffered damage.
A class action lawsuit has already been filed. If you want to appear as the lead plaintiff, you must move the court at the latest June 28, 2021. A lead plaintiff is a representative party who acts on behalf of other class members in directing the dispute. To join the litigation, go to http://www.rosenlegal.com/cases-register-2079.html http://www.rosenlegal.com/cases-register-1961.html or discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. the law firm Rosen free of charge at 866-767-3653 or by email at [email protected] or [email protected].
NO CLASS HAS BEEN CERTIFIED IN THE ABOVE PROMOTION. Until a class is certified, you will not be represented by the advisor unless you keep one. You can keep the advice of your choice. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. THE ABILITY OF AN INVESTOR TO PARTICIPATE IN A POSSIBLE FUTURE RECOVERY IS NOT DEPENDENT ON THE SERVICE AS LEAD PLAINTIFF.
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Rosen law firm represents investors around the world and focuses its practice on securities and shareholder derivatives litigation. Rosen law firm was ranked # 1 by ISS Securities Class Action Services for number of class action settlements in 2017. The firm has been voted one of the top 3 every year since 2013. Law firm Rosen has achieved its largest ever class action lawsuit for securities against a Chinese company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and reputable sources. Rosen law firm has raised hundreds of millions of dollars for investors. Lawyer advertising. Previous results do not guarantee a similar result.
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen, PA law firm
275 Madison Avenue, 40th floor
new York, NY 10016
Tel .: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
SOURCE Rosen Law Firm, PA