Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Peloton Interactive, Inc. (NASDAQ: PTON) on behalf of Peloton stockholders. Our investigation concerns whether Peloton has violated the federal securities laws and/or engaged in other unlawful business practices.
Click here to participate in the action.
On April 17, 2021, the U.S. Consumer Product Safety Commission (“CPSC” or the “Commission”) issued a warning “about the danger of popular Peloton Tread+ exercise machine after multiple incidents of small children and a pet being injured beneath the machines," stating that "[t]he Commission has found that the public health and safety requires this notice to warn the public quickly of the hazard.” The CPSC’s warning advised that “[t]o date, CPSC is aware of 39 incidents including one death.”
On this news, Peloton’s stock price fell $8.46 per share, or 7.28%, to close at $107.75 per share on April 19, 2021.
If you purchased or otherwise acquired Peloton shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker, Melissa Fortunato, or Marion Passmore by email at investigations@bespc.com, telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210427006202/en/
Contacts
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Melissa Fortunato, Esq.
Marion Passmore, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com
