Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors

HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts Peloton Interactive (PTON) Investors to Securities Class Action, Investors with Losses Should Contact Us Now

05/15/2021 | 03:33pm EDT

SAN FRANCISCO, May 15, 2021 (GLOBE NEWSWIRE) -- Hagens Berman urges Peloton Interactive, Inc. (NASDAQ: PTON) investors with significant losses to submit your losses now.

Class Period: Sept. 11, 2020 – May 5, 2021
Lead Plaintiff Deadline: June 28, 2021
Visit: www.hbsslaw.com/investor-fraud/PTON
Contact An Attorney Now: PTON@hbsslaw.com

Peloton Interactive, Inc. (NASDAQ: PTON) Securities Fraud Class Action:

The complaint alleges Peloton misled investors by misrepresenting and concealing that (1) Peloton was focused on safety, (2) Peloton’s Tread+ caused a serious safety threat to children and pets as there were multiple incidents of injury to both, including death, and (3) despite knowledge of the dangers posed by Tread+, defendants did not recall or suggest halting its use.

Investors began to learn the truth on Apr. 17, 2021, when the U.S. Consumer Product Safety Commission urgently warned consumers to stop using the Tread+ after finding one death and dozens of incidents of children being sucked under the Tread+. The next day, CEO John Foley announced Peloton had no intention of recalling or to stop selling the Tread+, calling the CPSC’s warning “inaccurate and misleading.”

Then, on May 5, 2021, Peloton issued a recall of its Tread+ and admitted it was wrong to call the CPSC’s warning “inaccurate and misleading.”  

These events caused Peloton shares to decline sharply.

“We’re focused on investors’ losses proving Peloton deceived investors about the dangers posed by Tread+,” said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you are a Peloton investor and have significant losses, or have knowledge that may assist the firm’s investigation, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding Peloton should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email PTON@hbsslaw.com.

About Hagens Berman
Hagens Berman is a national law firm with eight offices in eight cities around the country and over eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation.   More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Reed Kathrein, 844-916-0895

Primary Logo

© GlobeNewswire 2021
Latest news "Companies"
10:30aTRACKINSIGHT : Cybersecurity sector is booming, what’s in for investors
10:30aPhoto Release — Huntington Ingalls Industries Announces New Chief Information Officer at Newport News Shipbuilding
10:28aRATIONAL AG  : RBC gives a Sell rating
10:27aBritain needs to gain trust, but approach welcome - EU's Sefcovic
10:27aWILH WILHELMSEN  : Financial calendar
10:27aAPPILI THERAPEUTICS INC  : . Expands PRESECO Clinical Trial of Avigan Reeqonus for Mild-to-Moderate COVID-19 Patients into Mexico and Brazil
10:26aRED ROBIN GOURMET BURGERS  : Market Expansion Plan Will Feature Donatos Pizza In More Than 200 Restaurants By Year-End
10:26aSEIKO EPSON  : Epson shipping 8 PowerLite laser projectors
10:26aJUNETEENTH : Recognizing the Role of Liberation in Our Lives
10:26aTHYSSENKRUPP  : TK Elevator acquires Accurate Elevator, its fifth acquisition in North America in 2021
Latest news "Companies"