Peloton Asks Judge to Toss Investors’ Treadmill Safety Lawsuit

Peloton Interactive Inc. investors are attempting to “spin” the company’s transparency about treadmill safety issues into a securities suit, but their claims have “no merit” and should be dismissed, the company told a federal judge in New York.

Investors accuse the exercise equipment and workout streaming company of misleading them about the safety of its Tread+ product. The would-be class complaint’s “allegations fall far short of the rigorous requirements” for pleading securities fraud, Peloton said in a memo filed in support of its dismissal motion in the U.S. District Court for the Eastern District of New York.

“When a public ...