Step 1
Unite with Fellow Investors
Step 2
Choose the Best Attorney
Step 3
Provide Documents
Step 4
Follow Case Progress
Step 5
Get Payout
PTON.US
id: 406, Created by Stan Vick Chase, Scout
Peloton Interactive Inc
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
On October 14, 2022, Peloton lost over $450 million of capitalization on concerns that the Company has been sued by a former instructor for $1.8 million for discrimination and is experiencing the fallout from revelations company founder and former executive chairman John Foley suffered margin calls on loans backed by PTON stocks.
Going back on August 29, 2022, Peloton informed securities regulators that it delays its annual report filing as it needs more time to complete the accounting and disclosures concerning impairment charges.
According to Company, the charges resulted from Peloton’s plan to exit its field operations warehouses, a move announced earlier this month as part of a broader cost-cutting plan.
These corporate events raise suspicions of proper governance and information disclosure practices in the Company.
Alleged Offence
Mismanagement,
Failure to Disclose,
Malpractice,
Negligence,
Breach of Fiduciary duty,
Omissions
Suspected Party
Directors,
Management,
Shareholder
Security Type
Stocks
Trade Direction
Long
Shock Event Date
14 October 2022