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Peloton Investors Spin Out Of Court, For Now

By Lauren Berg (March 30, 2023, 10:43 PM EDT) -- A Manhattan federal judge Thursday tossed a class action accusing at-home exercise bike company Peloton Interactive Inc. of intentionally misleading investors to believe that the company's COVID-19 spike in demand was sustainable, saying Peloton's statements had "meaningful cautionary language" that warned the investors of the uncertainty of future subscriber growth....

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