Peloton Interactive, Inc. (PTON)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Peloton Interactive, Inc. (“Peloton” or “the Company”) (NASDAQ: PTON). Investors who purchased Peloton securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether Peloton has violated federal securities laws.
On May 11, 2023, the Consumer Product Safety Commission (“CPSC”) issued a product recall affecting roughly 2.2 million Peloton exercise bikes, stating that “[t]he bike’s seat post assembly can break during use, posing fall and injury hazards to the user.” On this news, Peloton’s stock price fell $0.67 per share, or 8.9%, to close at $6.86 per share on May 11, 2023.
If you are aware of any facts relating to this investigation or purchased Peloton shares, you can assist this investigation. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.