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PTON Lawsuit Filed: Jakubowitz Law Pursues Claims on Behalf of Peloton Interactive, Inc. Shareholders

Newsfile Corp.
·1 min read

New York, New York--(Newsfile Corp. - December 1, 2021) - Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of Peloton Interactive, Inc. (NASDAQ: PTON).

CLICK HERE FOR MORE DETAILS:

https://claimyourloss.com/securities/peloton-interactive-inc-loss-submission-form-2/?id=21830&from=5

Affected shareholders purchased shares of PTON between December 9, 2020 and November 4, 2021

Shareholders interested in representing the class of wronged shareholders have until January 18, 2022 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

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According to a filed complaint, Peloton Interactive, Inc. issued 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.

Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/106157