Peloton Investor Alert: Class Action Lawsuit Filed

BOSTON, MA / ACCESSWIRE / June 11, 2021 / Thornton law firm advises investors that a class action lawsuit has been filed on behalf of investors by Peloton Interactive, Inc. (NASDAQ: PTON). The case is currently at the main plaintiff stage. Investors who purchased PTON shares or other securities between September 11, 2020 and May 5, 2021 can contact the Thornton Law Firm’s investor protection team at www.tenlaw.com/cases/Peloton to provide their information . Investors can also email [email protected] or call 617-531-3917.

MORE INFORMATION: www.tenlaw.com/cases/Peloton

In the case, it is alleged that Peloton and its officers made misleading statements to investors and failed to disclose: (1) In addition to the tragic death of a child, Pelotons Tread + caused a serious safety threat to children and pets as a result of multiple incidents Injury to both; (2) Safety was not a priority for Peloton as Defendants knew of but did not recall serious injuries and deaths from the Tread + or suggested discontinuing use of the Tread +; and (3) in response to safety concerns, the US Consumer Product Safety Commission stated that Tread + poses a serious risk to public health and safety, leading to its strong recommendation for consumers with young children to discontinue use of Tread +.

Interested peloton investors have until June 28, 2021 to hire legal counsel and apply as lead plaintiff if they are interested. Investors don’t have to be a lead plaintiff to be a class plaintiff. A lead plaintiff is acting on behalf of all other members of the investor class in administering the class action. If investors do nothing, they can remain an absent member of the class. The class is not yet certified. Investors will not be represented by a lawyer until certification

MORE INFORMATION: www.tenlaw.com/cases/Peloton

Thornton Law Firm’s securities attorneys are very experienced in representing investors in claiming damages caused by violations of securities laws. His attorneys have a track record of litigating securities cases in courts across the country and recovering losses on behalf of investors. This may be considered a lawyer solicitation in some jurisdictions. Past results do not guarantee or predict a similar result with respect to future matters.

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CONTACT:

Thornton Law Firm LLP
1 Lincoln Street
State Street Financial Center
Boston, MA 02111
www.tenlaw.com/cases/Peloton

SOURCE: Thornton Law Firm LLP

View source version on accesswire.com:
https://www.accesswire.com/651312/Peloton-Investor-Alert-Class-Action-Lawsuit-Filed

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