Kessler Topaz Meltzer & Check, LLP is currently investigating potential violations of the federal securities laws on behalf of purchasers of Peloton Interactive, Inc. ("Peloton") (Nasdaq: PTON) securities between November 6, 2020 and April 16, 2021.
Peloton investors may receive additional information about the investigation by clicking the link "Submit Your Information" above.
Peloton provides interactive fitness products in North America and internationally. It offers connected fitness products, such as the Peloton Bike and the Peloton Tread, which include touchscreen that streams live and on-demand classes.
On April 17, 2021, the U.S. Consumer Product Safety Commission (“CPSC”) issued a press release entitled “CPSC Warns Consumers: Stop Using the Peloton Tread+”. The release stated that the “Urgent Warning Comes After Agency Finds One Death and Dozens of Incidents of Children Being Sucked Beneath the Tread+ (Formerly Known as the Tread)”. The release further stated that “[t]he urgent warning comes less than a month after Peloton itself released news of a child’s death by a Peloton Tread+ and CPSC’s announcement of an investigation into that incident[,]” and “[t]o date, CPSC is aware of 39 incidents including one death.”
Following this news, Peloton’s stock price fell from a close of $116.21 per share on April 16, 2021, to a close of $107.75 per share on April 19, 2021, the next trading day.
If you have any questions or would like to discuss this investigation, please contact Kessler Topaz Meltzer & Check, LLP: James Maro, Esq. (484) 270-1453 or Adrienne Bell, Esq. (484) 270-1435; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com. You can also click on the link "Submit Your Information" above and fill out the form as promptly as possible.