Peloton store inside The Mall in Columbia, Maryland, in 2021. Photo: Diego M. Radzinschi/ALM Forward-Looking Statements Don't Support Securities Case Against Peloton Following Pandemic Spike
U.S. District Judge Andrew L. Carter Jr.'s opinion ends nearly three years of stock-price drop litigation which shareholders filed after Peloton's 2021 announcement that its demand growth had slowed more than previously projected. Latham & Watkins represented Peloton in the case.
October 02, 2024 at 02:27 PM
2 minute read
The original version of this story was published on New York Law Journal
U.S. District Judge Andrew L. Carter Jr. has dismissed with prejudice securities claims against the exercise technology company Peloton in the Southern District of New York, concluding that statements made about the company's postpandemic growth were true and protected under federal law.
The opinion, issued Monday, ends nearly three years of stock-price drop litigation which shareholders filed after Peloton's 2021 announcement that its demand growth had slowed more than previously projected. Latham & Watkins represented Peloton in the case.
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