G&E Appointed Lead Counsel in Peloton Securities Class Action
G&E was appointed as lead counsel in the federal securities class action litigation against Peloton Interactive Inc. Investors claim that Peloton repeatedly made misleading statements reassuring investors that demand for its internet connected bicycles and treadmills remained steady even after COVID-19 pandemic restrictions were lifted and vaccines were introduced to the public—when in reality Pelton knew that demand for its connected fitness products was declining significantly.