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New York, New York--(Newsfile Corp. - December 3, 2021) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Peloton Interactive, Inc. (NASDAQ: PTON) alleging that the Company violated federal securities laws.
Class Period: December 9, 2020 to November 4, 2021
Lead Plaintiff Deadline: January 18, 2022
No obligation or cost to you.
Learn more about your recoverable losses in PTON:
Peloton Interactive, Inc. NEWS - PTON NEWS
CLASS ACTION CASE DETAILS: The filed complaint alleges that Peloton Interactive, Inc. made materially false and/or misleading statements and/or failed to disclose that: Defendants repeatedly, falsely assured investors that the Company's positive results and growth would continue after the pandemic. In addition, during the Class Period, Defendants made false and misleading statements about the amount of inventory that Peloton held, and touted the Company's ability to keep its inventory levels in line with substantial, sustained demand. As a result of Defendants' misrepresentations, Peloton common stock traded at artificially inflated prices during the Class Period.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Peloton you have until January 18, 2022 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you purchased Peloton securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.
ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/106555