As expected, shareholder rights attorneys were quick on the trigger after PTON’s dustup with the Consumer Product Safety Commission last month, filing a proposed class action in Ea. NY federal court. The suit purports to represent a class of investors who acquired PTON shares between Sep. 11, 2020 and Apr. 16, 2021, and accuses the company of violating federal securities laws. CEO John Foley and CFO Jill Woodworth are also named as individual defendants. After the CPSC posted a warning to consumers to stop using the Tread+ treadmill on it website on Apr. 17, Foley issued a statement saying that ... Log in to view full article.