Peloton Investors Get Revival of Post-Pandemic Price Claims (1)

Peloton Interactive Inc. must return to court over some allegedly misleading statements to investors about its bike pricing and demand as the pandemic wound down.

The US Court of Appeals for the Second Circuit on Wednesday affirmed in part and vacated in part a lower court’s decision that tossed claims Peloton and former leaders concealed waning demand that their inventory levels were far outpacing.

“We agree with the district court that most of the alleged misstatements were not actionable,” Judge Steven J. Menashi wrote. “But we conclude that the plaintiffs plausibly alleged actionable misstatements or omissions based on three ...