PELOTON DEADLINE ALERT: Faruqi & Faruqi LLP Securities Litigation Associate James (Josh) Wilson encourages buyers who’ve suffered greater than $ 50,000 in losses within the peloton to contact him immediately to debate their choices | 2021-06-20 | Press releases

NEW YORK, June 20, 2021 (GLOBE NEWSWIRE) – Faruqi & Faruqi, LLP, a leading national securities firm, is investigating possible claims against Peloton Interactive Inc. (“Peloton” or the “Company”) (NASDAQ: PTON) and is reminding investors to the June 28, 2021 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the company.

If you lost more than $ 50,000 while investing in Peloton stock or options between September 11, 2020 and May 5, 2021 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877 -247-4292 or 212-983- at. 9330 (extension 1310). You can also click here for more information:

There are no costs or obligations for you.

Faruqi & Faruqi is a leading national minority-owned and female securities firm with offices in New York, Delaware, Pennsylvania, California and Georgia.

As detailed below, the lawsuit focuses on whether the company and its officers have violated U.S. securities laws by making false and / or misleading statements and / or failing to disclose: (1) In addition to tragic death of a child Peloton’s Tread + posed a serious safety threat to children and pets as both suffered multiple injuries; (2) Safety was not a priority for Peloton as Defendants knew of but did not remember serious injuries and deaths from the Tread + or suggested discontinuing use of the Tread +; (3) In response to safety concerns, the US Consumer Product Safety Commission (“CPSC”) stated that Tread + poses a serious public health and safety risk. Case 1: 21-cv-02369 Document 1 Filed 04/29/21 Page 11 of 21 PageID #: 11 12 with the urgent recommendation for consumers with small children to stop using the Tread +; (4) the CPSC also identified a security threat to Tread + users if they lost their balance; and (5) as a result of the foregoing, Defendants’ statements regarding Peloton’s business, operations and prospects were materially false and misleading and / or were inadequate at all relevant times.

Following this news, Peloton’s share price fell $ 16.28 per share, or more than 14%, over the next three trading days, closing at $ 99.93 per share on April 21, 2021, hurting investors.

The court-appointed lead plaintiff is the investor with the greatest financial interest in the remedy sought by the class action, which is appropriate and typical of the class directing and overseeing the litigation on behalf of the alleged class action. Either member of the alleged group can have the court lead plaintiff through an attorney of their choice or they can choose not to do anything and remain an absent member of the group. Your ability to participate in a recovery will not be affected by the decision to act as the lead plaintiff.

Faruqi & Faruqi, LLP also encourages anyone with information about Peloton’s conduct to contact the company, including whistleblowers, former employees, shareholders, and others.

Lawyer advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( Past results do not guarantee or predict a similar result with respect to future matters. We look forward to the opportunity to discuss your specific case. All communications will be treated confidentially.

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