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Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Peloton Interactive, Inc. (PTON) and Encourages Investors to Contact the Firm

/EIN News/ -- NEW YORK, May 04, 2021 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Peloton Interactive, Inc. ("Peloton" or the "Company") (NASDAQ: PTON). Investors who purchased Peloton securities are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: www.bgandg.com/pton.      

The investigation concerns whether Peloton and certain of its officers and/or directors have violated federal securities laws.

On April 17, 2021, the U.S. Consumer Product Safety Commission (“CPSC”) issued an announcement, “CPSC Warns Consumers: Stop Using the Peloton Tread+”. The announcement stated that the “Urgent Warning Comes After Agency Finds One Death and Dozens of Incidents of Children Being Sucked Beneath the Tread+ (Formerly Known as the Tread)”. It continued to state that “[t]he urgent warning comes less than a month after Peloton itself released news of a child’s death by a Peloton Tread+ and CPSC’s announcement of an investigation into that incident[,]” and “[t]o date, CPSC is aware of 39 incidents including one death.” Following this news, Peloton stock dropped sharply during intraday trading on April 19, 2021.

If you are aware of any facts relating to this investigation, or purchased Peloton shares, you can assist this investigation by visiting the firm’s site: www.bgandg.com/pton. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484. 

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration.   Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com


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