Excerpt:
Peloton Interactive won dismissal of a lawsuit claiming it defrauded shareholders by concealing how demand for its home exercise equipment, which surged after the COVID-19 pandemic began, was declining as vaccines became available and gyms began reopening. In a Monday night decision, U.S. District Judge Andrew Carter in Manhattan said several optimistic Peloton statements about the company's future were accompanied by "very detailed warnings," including that lockdowns could end and people could resume their pre-pandemic routines. [...]
