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In Re Peloton Interactive, Inc. Securities Litigation
Case Number:
1:21-cv-02369
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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April 18, 2023
Peloton Investors Ask For OK In $13.9M Treadmill Settlement
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.
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April 29, 2021
Peloton Investors File Latest Suit Over Treadmill Risks
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.