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Solomon v. Peloton Interactive, Inc. et al
Case Number:
1:23-cv-04279
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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February 14, 2025
Judge Slams The Brakes On Peloton Bike Recall Claims
A New York federal judge threw out, for now, a proposed investor action alleging Peloton overstated the safety of its bikes before 2.2 million products were recalled over a bike seat defect, ruling that the shareholders haven't adequately alleged the exercise company made any misleading statements.
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May 17, 2024
Peloton Says Investors Are 'Manufacturing' Bike Recall Suit
Fitness equipment company Peloton urged a New York federal judge on Friday to toss a suit alleging it overstated the safety of its bikes before the U.S. Consumer Product Safety Commission recalled roughly 2.2 million Peloton products over a bike seat defect, saying the investors are trying to "manufacture" a case from a voluntary recall.
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June 12, 2023
Peloton Hit With Investor Suit Over Bike Recall
Fitness company Peloton is facing an investor suit alleging it overstated the safety of its bikes prior to a U.S. Consumer Product Safety Commission recall of roughly 2.2 million Peloton products over a bike seat defect, which purportedly caused the company's stock to decline by nearly 9% in May.