PTON Class Action: Learn About the Peloton Lawsuit | Levi & Korsinsky, LLP
Levi & Korsinsky, LLP announces that a PTON class action lawsuit has been filed on behalf of investors who purchased Peloton Interactive, Inc. (PTON) securities between December 9, 2020, and November 4, 2021. For more on the PTON Lawsuit please contact us today.
According to the Peloton lawsuit, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: Defendants repeatedly, falsely assured investors that the Company’s positive results and growth would continue after the pandemic. In addition, during the Class Period, Defendants made false and misleading statements about the amount of inventory that Peloton held, and touted the Company’s ability to keep its inventory levels in line with substantial, sustained demand. As a result of Defendants’ misrepresentations, Peloton common stock traded at artificially inflated prices during the Class Period.
If you suffered a loss in Peloton you have until January 18, 2022, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171