Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

PELOTON INTERACTIVE, INC. (PTON) Class Action Lawsuit (April 2021)

Closed

1:21cv2369 • April 29, 2021

Class Period Start

September 11, 2020

Class Period End

August 2, 2021

PSLRA Deadline

June 28, 2021

Case Allegations

10b5

Statutes of Repose

Sep 11, 2023

Country

United States

Court

Federal Court

Settlement Information

Please note that for cases in the settlement stage, claims are handled by the claims administrator and NOT Levi & Korsinsky. Any information or documentation previously provided to us does not constitute submission of a claim. If you need to file a claim, check the status of a claim, or have questions regarding distribution of settlement funds, please contact the claims administrator below.

Claim Deadline

May 21, 2024

Settlement Fund

$13,950,000

Settlement Status

Disbursed

Settlement Class

All persons or entities that purchased or otherwise acquired Peloton’s securities between September 11, 2020 and May 5, 2021, inclusive.

Claim Administrator

Epiq
In re Peloton Interactive Securities Litigation Epiq Systems, Inc. PO Box 2915 Portland, OR 97208-2915
+1 303-9__-____
[email protected]

Hearing Date

June 20, 2024

Opt-out Deadline

May 29, 2024

Settlement Note

Download here

Proof Of Claim

Download here

Docket History

Jul 29, 2025

Disbursement Approved

The court has approved the distribution of settlement funds to eligible class members. Investors with approved claims may receive payments from the settlement. If you have questions about your claim or payment, contact the claims administrator.

Jul 9, 2024

Final Approval of Settlement

The court has granted final approval of the settlement. Eligible investors who submit valid claims may receive a payment once the claims review and distribution process is completed.

Apr 24, 2024

Motion for Final Approval of Settlement

The parties have asked the court to grant final approval of the proposed settlement. The judge will consider whether the settlement should be approved after reviewing the settlement terms and any objections. If approved, eligible investors who submit valid claims may receive a payment after the claims review and distribution process is completed.

Mar 13, 2024

Proof of Claim Form

To receive your portion of the recovery (if you are eligible), you must submit this form to the claims administrator by the deadline indicated on the form itself. If you do not submit this form in time, you will not be entitled to compensation. If you have questions about how to complete the form, you should contact the claims administrator.

Feb 21, 2024

Preliminary Approval of Settlement

The court has granted preliminary approval of a proposed settlement. This means the settlement can move forward for further consideration, but it has not yet received final approval. Potential class members will generally receive notice explaining the settlement, their rights, and any deadlines for submitting a claim, objecting to the settlement, or choosing not to participate.

Apr 17, 2023

Proposed Settlement

Apr 26, 2022

Motion to Dismiss

After reviewing the complaint(s) filed by plaintiffs, defendants have filed a motion requesting that the court dismiss some or all of the plaintiffs' claims. In a motion to dismiss, defendants might challenge the validity of plaintiffs' claims or adequacy of plaintiffs' pleadings. Once a motion to dismiss is filed, the judge will make a decision on whether part or all of the case should be dismissed or the case can proceed as alleged.

Jan 21, 2022

Second Amended Complaint

A new complaint has been filed on behalf of certain investors in PELOTON INTERACTIVE, INC.. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

Nov 16, 2021

Appointment of Lead Plaintiff

The court has appointed a lead plaintiff to represent the interests of investors in the lawsuit. The lead plaintiff works with the attorneys handling the case, helps oversee the litigation, and represents the interests of the proposed class.

May 24, 2021

Additional Complaint

Another plaintiff has filed a complaint on behalf of investors in PELOTON INTERACTIVE, INC.. The allegations and class definitions are substantively the same.

May 6, 2021

First Amended Complaint

A new complaint has been filed on behalf of certain investors in PELOTON INTERACTIVE, INC.. Amended complaints may contain additional facts, parties, allegations, a change in the class definition, etc.

Apr 29, 2021

First Filed Complaint

A securities fraud class action complaint has been filed on behalf of certain investors in PELOTON INTERACTIVE, INC..

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