Peloton. Photo: Nate Robson/ALM Peloton Accused of Knowingly Misleading Investors About Post-Pandemic Growth
Peloton's flagship product became emblematic of maintaining a healthy lifestyle during lockdown. But the complaint said it had "repeatedly, falsely assured" investors that its success was not a result of the pandemic, but rather sustainable growth that would continue even after the health crisis waned.
November 19, 2021 at 03:51 PM
3 minute read
Investors hit Peloton Interactive Inc. on Thursday with the first New York federal securities class action to accuse the at-home fitness equipment and interactive media brand of knowingly overstating its growth prospects during the COVID-19 pandemic.
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