Peloton Settles Shareholder Class Action
PTON has agreed to pay a total of $13,950,000 in cash to settle a May 2021 shareholder suit filed in E. NY federal court that alleged the company’s management misled investors on quarterly filings and conference calls by failing to disclose Tread+ safety issues. Peloton’s share price plummeted after it ... Log in to view full article.
