July 10, 2024
A New York magistrate judge has given the final approval to a $14 million settlement between Peloton and investors over claims that the home exercise equipment maker failed to properly disclose issues with its treadmills after a 6-year-old was killed by one.
April 18, 2023
Peloton shareholders have asked a New York federal court to sign off on a $13.9 million deal that would end claims the exercise equipment manufacturer misled them about the safety of treadmills that were recalled after a 6-year-old was pulled underneath one and died.
April 29, 2021
Exercise machine company Peloton Interactive Inc. and two of its executives were hit Thursday with an investor's proposed class action after the company decided not to recall or halt sales of one of its products, despite a federal regulator's warning about children and pets being "sucked beneath" the devices.