Peloton (NASDAQ: PTON) Securities Litigation Settlement: $13.95M
Did you or a family member buy Peloton securities between September 11, 2020, and May 5, 2021? This class action settlement resolves claims Peloton falsely assured the safety of its Tread and Tread+ machines during this period.
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Claim Form
Click Here to Submit a ClaimWho's eligible?
You or someone in your family, or an investment account for which you serve as a custodian, may have purchased or otherwise acquired Peloton securities between September 11, 2020, and May 5, 2021, inclusive.
Proof of Purchase
Yes, proof of purchase is required.
Settlement At a Glance
Settlement Amount
$0.067 per Share
Claim Form Deadline
05/21/2024
Exclusion Deadline (Opt-Out)
05/29/2024
Final Approval Hearing
06/20/2024
Additional Information
On December 15, 2022, while Defendants’ motion to dismiss remained pending, the Parties participated in a mediation, conducted by David Murphy of Phillips ADR. During the all-day mediation, the Parties reached an agreement-in-principle, subject to certain Confirmatory Discovery and Court approval, to settle and release the claims asserted against Defendants in the Action.
On or about January 16, 2023, Defendants commenced their production of documents in connection with the Confirmatory Discovery. Lead Plaintiff is continuing to diligently review the documents to confirm the adequacy of the class action settlement.
** Preliminarily Approved** means that the parties agree to the settlement terms by executing a settlement agreement. Next, the settlement agreement must be approved by the court. The judge in the case must agree that the terms of the settlement are fair, reasonable and adequate to the class members.
Think you might have a case? If you believe you've been affected by a similar situation, browse our list of Class Action Lawsuits and Open Class Action Settlements you may be able to join!
Stay Informed
Class Action Settlement Website:
https://www.pelotonsecuritiessettlement.com/ClaimClaims Administrator:
PO Box 2915
Portland, OR 97208-2915
855-518-3039
Legal Representation
Case Name:
Class Counsel:
FARUQI & FARUQI, LLP
685 Third Avenue, 26th Floor
New York, NY 10017
Defense Counsel:
LATHAM & WATKINS, LLP
555 Eleventh Street, NW, Suite 1000
Washington, DC 20004
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