An investigation on behalf of current long term investors in Peloton Interactive, Inc. (NASDAQ:PTON) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 04/19/2022 -- Certain directors of Peloton Interactive, Inc. are under investigation concerning potential breaches of fiduciary duties.
Investors who are current long term investors in Peloton Interactive, Inc. (NASDAQ: PTON) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in NASDAQ: PTON stocks follows a lawsuit filed against Peloton Interactive, Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: PTON stocks, concerns whether certain Peloton Interactive, Inc. directors are liable in connection with the allegations made in that lawsuit.
The plaintiff alleges that the Defendants repeatedly, falsely assured investors that the Company's positive results and growth would continue after the pandemic, that the Defendants made false and misleading statements about the amount of inventory that Peloton held, and touted the Company's ability to keep its inventory levels in line with substantial, sustained demand and that as a result of Defendants' misrepresentations, Peloton common stock traded at artificially inflated prices between December 9, 2020 and November 4, 2021.
Those who purchased shares of Peloton Interactive, Inc. (NASDAQ: PTON) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.