Peloton Shareholder Suit Dismissed
An E. NY district court judge has dismissed without prejudice a proposed class action suit that claimed PTON intentionally deceived investors over last May’s seat post recall that affected 2.2 million exercise bikes. The court found that the connected fitness maker's claims that the recall would cost $8.4 million were not misleading because they were forward-looking statements. Ultimately, the ... Log in to view full article.
