PTON ALERT – Labaton Sucharow Notifies Investors of Securities Class Action Against Peloton Interactive, Inc.
NEW YORK, NY / ACCESSWIRE / November 27, 2021 / Labaton Sucharow, a nationally award-winning shareholder rights law firm, announces that a securities class action lawsuit has been filed against Peloton Interactive, Inc. (NASDAQ: PTON). Investors who purchased the Company’s securities between December 9, 2020 and November 4, 2021 inclusive (the “Recourse Period”), are invited to contact the Company before January 18, 2022.
On November 5, 2021, the exercise bike and treadmill maker’s stock closed by 35% after Peloton cut its annual revenue forecast by $ 1 billion and lowered its projections for subscribers and profit margins. . On November 8, 2021, the stock fell a further 10% after being downgraded by Argus Research, which cited higher expectations of losses from the remainder of FY22 due to input prices, costs of higher freight rates, reopening of gymnasiums and a growing number of competitors.
If you purchased Peleton securities during the Class Period and would like to receive additional information and protect your investments free of charge, please contact David J. Schwartz using toll-free number (800) 321-0476, by email at david @ labaton.com, or by filling out this form.
About the firm
Labaton Sucharow LLP is one of the world’s leading complex litigation firms representing clients in securities, antitrust, corporate governance and shareholder rights, as well as consumer cybersecurity and data confidentiality. Labaton Sucharow has been recognized for excellence by the courts and by his peers, and is regularly ranked in major industry publications. Offices are located in New York, NY, Wilmington, DE and Washington, DC. More information on Labaton Sucharow is available at labaton.com.
David J. Schwartz
THE SOURCE: Labaton Sucharow LLP
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