SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Peloton Interactive, Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of June 28, 2021
New York, New York – (Newsfile Corp. – May 27, 2021) – The following statement is made by Levi & Korsinsky, LLP:
To: Any person or entity who purchased or otherwise acquired Peloton Interactive, Inc. (“Peloton”) (NASDAQ: PTON) securities between September 11, 2020 and May 5, 2021. You are notified that a class action lawsuit against securities has been commenced in the United States District Court for the Eastern District of New York. Further information is available from:
or contact Joseph E. Levi, Esq. either by email at email@example.com or by phone at (212) 363-7500. There are no costs or obligations for you.
Peloton Interactive, Inc. NEWS – PTON NEWS
CASE DETAILS: According to the complaint filed: (1) In addition to the tragic death of a child, Pelotons Tread + had created a serious safety threat to children and pets as both were injured multiple times. (2) Safety was not a priority for Peloton as the defendants were aware of serious injuries and deaths as a result of the Tread +, but did not remember or suggest that the Tread + should be stopped; (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 and urged consumers with young children not to use the Tread + use. (4) The CPSC also identified a security threat to Tread + users if they lost their balance. and (5) as a result of the foregoing, Defendants’ statements about Peloton’s business, business and prospects were materially false and misleading and / or were unfounded at all relevant times.
WHAT THIS MEANS TO SHAREHOLDERS: If you have suffered a loss at Peloton, you have until June 28, 2021 to request that the court appoint you as the lead plaintiff. Your ability to partake in a recovery does not require you to be the lead plaintiff.
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NO CHARGE TO YOU: If you purchased Peloton securities between September 11, 2020 and May 5, 2021, you may be entitled to compensation with no out-of-pocket expenses or fees.
PROTECT YOUR FINANCIAL INTERESTS: Fill out this short registration form: https://www.zlk.com/pslra-1/peloton-interactive-inc-loss-submission-form?prid=16258&wire=5 or call 212-363 -7500 to discuss the case with Joseph E. Levi, Esq.
WHY LEVI & KORSINSKY: Levi & Korsinsky have a proven record of winning hundreds of millions of dollars worth of cases for shareholders over a period of 20 years. We represent and fight for shareholders who have been wronged by companies.
Levi & Korsinsky is a nationally recognized company with offices in New York, California, Connecticut and Washington, DC. The company’s founding partners, Joseph Levi and Eduard Korsinsky, have represented shareholders and institutional clients for nearly 20 years and have achieved remarkable results with clients in the US and internationally. The company with more than 80 employees is committed to promoting, cultivating and preserving a culture of diversity, justice and inclusion for the employees and the employees we represent. Our attorneys have extensive expertise representing investors in securities disputes and have a proven record of recovering hundreds of millions of dollars on individual cases. Levi & Korsinsky was named the top US securities litigation firm in the SCAS Top 50 report by Institutional Shareholder Services (“ISS”) for 7 years in a row. The SCAS Top 50 report identifies the top plaintiffs’ securities firms in the country, and year on year ISS has recognized Levi & Korsinsky as one of the leading law firms in the field of class action litigation.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th floor
New York, NY 10006
Tel .: (212) 363-7500
Fax: (212) 363-7171
The source version of this press release can be found at https://www.newsfilecorp.com/release/85486