Peloton Must Face Shareholder Suit
The connected fitness company sees the 2nd U.S. Court of Appeals overturn a ruling by a lower court, determining that a shareholder suit accusing PTON of making three false and misleading statements that inflated its stock price can proceed. However, the 2024 dismissal was upheld on six other PTON statements, and the case was returned to the district court. The suit claimed Peloton defrauded shareholders by masking excess inventory as ... Log in to view full article.
