Case: Peloton Interactive, Inc.
Venue: Eastern District of New York
Class Period: 9/11/2020 - 4/16/2021
Lead Plaintiff Deadline: 6/28/2021
Contact: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

NEW YORK, NY – May 6, 2021 – Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Peloton Interactive, Inc. (“Peloton” or the “Company”) (NASDAQ: PTON).  A complaint has been filed on behalf of investors who purchased or otherwise acquired Peloton’s publicly traded securities between September 11, 2020 and April 16, 2021 (the “Class Period”).

On Saturday April 17, 2021, the U.S. Consumer Product Safety Commission (“CPSC”) issued a press release entitled “CPSC Warns Consumers: Stop Using the Peloton Tread+” alerting the public to dangers, including death, associated with the Peloton Tread+. 

On Sunday April 18, 2021, John Foley, Peloton’s Chief Executive Officer (“CEO Foley”), wrote a letter that was emailed to Tread+ owners and published on Peloton’s website stating that Peloton had “no intention” to stop selling or to recall the Tread+. 

On May 5, 2021, Peloton reversed its position by announcing the recall of its treadmills and that all consumers should immediately stop using them.  CEO Foley said the Company's voluntary decision to recall its treadmills after one child's death and other reports of injuries was the "right thing to do.”  

Following this news, Peloton’s shares fell by $14.08 per share, or 14.56%, to close at $82.62 per share on May 5, 2021.

If you are a member of the proposed Class, you may move the court no later than June 28, 2021 to serve as a lead plaintiff for the purported class.  You need not seek to become a lead plaintiff in order to share in any possible recovery.  If you would like to discuss the complaint or our investigation, please contact us by emailing This e-mail address is being protected from spambots. You need JavaScript enabled to view it or by calling (646) 315-9003.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Kaplan Fox & Kilsheimer LLP, with offices in New York, San Francisco, Los Angeles, Chicago and New Jersey, has many years of experience in prosecuting investor class actions. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com.  If you have any questions about this Notice, your rights, or your interests, please contact: 

Donald R. Hall
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York 10022
(646) 315-9003
E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
Fax:  (415) 772-4707

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it