TPVG - Lifshitz Law PLLC Announces Investigations of Peloton Interactive Inc. (NASDAQ: PTON) DZS Inc. (NASDAQ: DZSI) TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) and NovoCure Ltd. (NASDAQ: NVCR) | Benzinga
NEW YORK, Sept. 02, 2023 (GLOBE NEWSWIRE) --
Peloton Interactive, Inc. (NASDAQ:PTON)
Lifshitz Law PLLC announces investigation into possible securities laws violations and/or breaches of fiduciary duties in connection with allegations that the Company made false and/or misleading statements and/or failed to disclose that: (i) the seat posts for certain of the Company's Peloton Bikes were prone to break or otherwise detach during use, rendering them unsafe for users; (ii) as a result, the Company was likely to recall millions of Peloton Bikes; (iii) accordingly, Peloton overstated its efforts to enhance the safety of its products, understated its estimated future returns, and downplayed the Company's need to book additional reserves for future product recall expenses; (iv) all the foregoing, once revealed, was likely to negatively impact the Company's business and financial results and reputation; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.
If you are a PTON investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or e-mail at info@lifshitzlaw.com.
DZS Inc. (NASDAQ:DZSI)
Lifshitz Law PLLC announces investigation into possible securities laws ...
TPVG), and NovoCure Ltd. (NASDAQ: NVCR)>Full story available on Benzinga.com