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.