Peloton Settles Shareholder Class Action
PTON has agreed to pay a total of $13,950,000 in cash to settle an Apr., 2021 shareholder suit filed in Ea. NY federal court, after the company agreed to recall its treadmills due to the risk of injuring or killing children or pets. The company’s share price plummeted on the news, and the suit accused PTON management of failing to disclose multiple reported injuries and even ... Log in to view full article.
