Kehoe Law Firm, P.C. is investigating whether certain officers and directors of Peloton Interactive, Inc. (“Peloton”) (NASDAQ: PTON) breached their fiduciary duties to Peloton and its shareholders.
The investigation concerns whether members of Peloton’s board of directors or senior management failed to manage Peloton in an acceptable manner, in breach of their fiduciary duties to Peloton, and whether Peloton and its shareholders may have suffered harm as a result.
As previously reported by various news outlets and confirmed by filings with the Securities and Exchange Commission, Peloton’s founders, directors, and officers collectively sold nearly $500 million in stock before disclosing certain production stoppages, sales declines, and employee layoffs, which caused declines in Peloton’s stock price.
Long-term Peloton investors are encouraged to complete Kehoe Law Firm’s Stockholder Information Request Form or contact Michael Yarnoff, Esq., (215) 792-6676, Ext. 804, [email protected], [email protected], to learn more about the investigation and receive a free, no-obligation evaluation of potential legal claims.
About Kehoe Law Firm, P.C.
Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action firm dedicated to protecting investors and consumers from fraud and misconduct. Our attorneys have served as Lead or Co-Lead Counsel in major securities cases, recovering over $10 billion for institutional and individual investors.
Our firm litigates securities fraud, fiduciary breaches, unfair mergers and acquisitions, and antitrust violations, while also representing whistleblowers and advocating for victims of data breaches, consumer fraud, vehicle and product defects, employment law violations, retirement plan mismanagement, and other corporate and business misconduct. With a results-driven approach, we pursue justice and substantial recoveries for those we represent.
Kehoe Law Firm’s class action legal services are provided on a contingency-fee basis, meaning clients are not responsible for any fees or litigation expenses.
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