LOS ANGELES–(BUSINESS WIRE)–$PTON #PTON—The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Peloton Interactive, Inc. (“Peloton” or “the Company”) (NASDAQ: PTON) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Peloton was the subject of a product recall issued by the Consumer Product Safety Commission (“CPSC”) on May 11, 2023. The product recall impacted 2.2 million of the Company’s exercise bikes. The recall states, “the bike’s seat post assembly can break during use, posing fall and injury hazards to the user.” Based on this news, shares of Peloton fell by 8.9% on the same day.
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We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at [email protected].
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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Contacts
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
[email protected]
www.schallfirm.com