Proposed Securities Class Action Filed Against Peloton

If you were an investor in Peloton Interactive, Inc. securities between September 11, 2020 and May 5, 2021, the law firm of Kessler Topaz Meltzer & Check, LLP has filed a lawsuit and the lead plaintiff deadline for responses is due June 28, 2021.

The lawsuit stems from allegations that Peloton’s voluntary recall of its Tread+ and Tread treadmill machines over safety concerns adversely affected investors. The lawsuit alleges that Peloton’s Tread+ caused serious safety concerns to children and pets and that during the class period Peloton misled or failed to disclose such issues.  The Plaintiffs allege that these actions caused Peloton’s stocks to decline.

This blog is intended to provide information to the general public and to practitioners about developments that may impact Oregon class actions.

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Steve Larson

An experienced trial lawyer who handles both hourly and contingent fee cases, Steve has expertise in class actions, environmental clean-up litigation, antitrust litigation, securities litigation, corporate disputes, intellectual property disputes, unfair competition claims, and disputes involving family wealth. Steve regularly represents individuals and businesses in federal and state court and has obtained class-wide recovery in multiple class actions. A veteran practitioner, Steve’s clients value his creative approach to resolving complex litigation matters.


Legal Disclaimer

The information contained in this blog does not constitute legal advice, and does not create an attorney-client relationship. We make no claims, promises or guarantees about the accuracy, completeness, or adequacy of the information contained in or linked to this blog.