PTON asked an SDNY federal court judge to dismiss the action brought by the City of Hialeah Employees Retirement Fund that accuses it of misleading investors, arguing that it provided appropriate guidance both when sales were rapidly growing and when they were declining. The suit, filed last Nov., accused the connected fitness giant of consistently assuring investors that all was well with its business, even when it was facing slowing consumer demand and rising inventory levels. The suit seeks certification to represent a class of all investors who bought PTON shares ... Log in to view full article.