Thieler Law Corp advises investors with losses exceeding $100,000 of the June 28, 2021 lead plaintiff deadline in a class action lawsuit filed against Peloton Interactive, Inc. (NASDAQ: PTON) (Peloton Interactive, Inc. or “the Company”). The suit is pending in the U.S. District Court for the Eastern District of New York and investors, who purchased Peloton Interactive, Inc. (NASDAQ: PTON) securities between September 11, 2020 and May 5, 2021 (“Class Period”), have until June 28, 2021 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Peloton Interactive, Inc. securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

On October 15, 2020, Business Insider published the article “Peloton issued a recall affecting nearly 30,000 bikes after reports of pedal breakages and customer injuries” which reported that Peloton recalled clip-in pedals for certain of the Company’s bikes after Peloton received 120 reports of breakage and 16 reports of injury.

On October 16, 2020, The New York Times published the article “Peloton Recalls Pedals on Thousands of Bikes After Reports of Injury” which included a statement from the Company regarding the safety of its products.

On April 17, 2021, a day the market was closed, the CPSC issued a press release entitled “CPSC Warns Consumers: Stop Using the Peloton Tread+” alerting the public to dangers, including death, associated with the Peloton Tread+

On April 17, 2021, a day the market was closed, Peloton issued a press release entitled “PELOTON REFUTES CONSUMER PRODUCT SAFETY COMMISSION CLAIMS: CPSC PUBLISHES MISLEADING, INACCURATE BULLETIN ON TREAD+ PRODUCT SAFETY”.

On May 5, 2021, during market hours, the CPSC issued a statement entitled “Statement of Acting Chairman Robert Adler on the Recall of the Peloton Tread + and Tread”.

On May 5, 2021, Peloton posted an article entitled “CPSC and Peloton Announce: Recall of Tread+ Treadmills After One Child Death and 70 Incidents; Recall of Tread Treadmills Due to Risk of Injury” to its website.

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) in addition to the tragic death of a child, Peloton’s Tread+ had caused a serious safety threat to children and pets as there were multiple incidents of injury to both; (2) safety was not a priority to Peloton as defendants were aware of serious injuries and death resulting from the Tread+ yet did not recall or suggest a halt of the use of the Tread+; (3) as a result of the safety concerns, the U.S. Consumer Product Safety Commission (“CPSC”) declared the Tread+ posed a serious risk to public health and safety resulting in its urgent recommendation for consumers with small children to cease using the Tread+; (4) the CPSC also found a safety threat to Tread+ users if they lost their balance; (5) Tread featured similar safety concerns; (6) merely reinforcing safety warnings would be insufficient; (7) the CPSC and Peloton would issue a recall of the Tread+ and Tread; (8) issues with the Tread+ and Tread were not patchable via software updates; (9) defendants were not fully cooperating with the CPSC; (10) as opposed to defendants’ statements, CPSC statements were not misleading or inaccurate; and (11)  as a result of the foregoing, defendants’ statements about Peloton’s business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

If you were negatively impacted by your investment in Peloton Interactive, Inc. (NASDAQ: PTON) securities between September 11, 2020 and May 5, 2021 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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