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* This is an unofficial site, not officially affiliated with Peloton. * * Home * Latest News * All News Posts * Featured Rumors & Announcements * TV (Podcast) * Show Notes & Episode Pages * Subscribe on iTunes * Subscribe on YouTube * Other Podcast Players * Popular Topics * Complete List of Peloton Badges * List of Peloton Holiday Classes * Peloton Gift Guide * Peloton Rower Updates * Guide to Booking Studio Classes * Tread vs Tread+ (Plus) Comparison * Peloton Annual 2022 Calculator * Power Zone Library & Timer * Peloton Strength Device Rumors * Peloton Training Programs * Broadway Class List * Disney Class List * Groups * Class Guide * Main Class Guide Index * Badge List * Themed Classes & Special Interest Series * Instructor Signature Series * Training Programs * Holiday Class List * Disney Class List * Broadway Class List * Featured Artist Series * Scenic Ride List * Scenic Run List * Two For One Classes * Travel * Main Travel (Hotel / Gym / Vacation Rental) List * Map Search * Vacation Rental List * List by US State * List by Major Cities * Accessories * Recommended Peloton Accessories * Peloton Gift Guide * In-Depth Product Reviews * FAQ * Rumors Lawsuits PELOTON EXECUTIVES FACING ALLEGED INSIDER TRADING LAWSUIT FROM INVESTOR Katie Weicher on November 28, 2022 Peloton executives (most of them former executives at this point) are facing an alleged insider trading lawsuit from an investor regarding the selling of stock around the time of the Tread+ recall in 2021. Krikor Arslanian, the investor central to the complaint, is claiming that both current and former Peloton executives sold $500 million in stock while concealing safety issues with the Tread+. The suit specifically names 12 individuals: Erik Blachford, Karen Boone, Jon Callaghan, Jay Hoag, William Lynch, Pamela Thomas-Graham, Howard Draft, John Foley, Tom Cortese, Jill Woodworth, Hisao Kushi, and Mariana Garavaglia. MY LATEST VIDEOS Peloton Lanebreak Review - A demo of the Peloton Video Game (Overview & Guide to Peloton Lanebreak) Peloton Lanebreak Review - A demo of the Peloton Video Game (Overview & Guide to Peloton Lanebreak) Peloton Lanebreak is the new video game for the Peloton Bike & Bike+. It swaps out the traditional instructor led class for a game where you try to rack up points and get a high score. In our video, we'll go through how to play Peloton Lanebreak, all the different ways to score points, some tips & tricks and more. We also have an in-depth article on our website. There, we also cover some things that are missing or can be improved in future versions of the game - including adding Apple Watch for Peloton Lanebreak (via GymKit), real time leaderboards & head to head racing, and more. While Peloton Lanebreak won't be converting anyone from Zwift anytime soon - many members will find it to be a nice addition to the platform that can be used to add some variety to their normal rides with their favorite coaches. More Videos 0 seconds of 6 minutes, 48 secondsVolume 0% Press shift question mark to access a list of keyboard shortcuts Keyboard ShortcutsEnabledDisabled Play/PauseSPACE Increase Volume↑ Decrease Volume↓ Seek Forward→ Seek Backward← Captions On/Offc Fullscreen/Exit Fullscreenf Mute/Unmutem Seek %0-9 Next Up Demo & Tutorial for new Peloton Tags community leaderboard feature 03:24 Auto1080p720p406p270p180p Loading ad Live 00:00 02:20 06:48 The suit alleges that these top Peloton executives were aware of safety issues with the Tread+, but rushed to sell off stock rather than maintaining their fiduciary responsibility to Peloton and its shareholders. The suit details the timeline of Peloton’s communications in the spring of 2021, including their repeated assurances that the device was safe and they did not plan to issue a recall. Bloomberg Law was the first to report this news, and Peloton did not respond to their request for comment at the time of publishing. According to Bloomberg: > The suit, originally filed under seal Nov. 18, echoes probes by the Justice > Department and securities regulators, proposed securities class actions, and > personal injury litigation facing the company in federal court. An earlier > investor lawsuit seeks internal files to investigate similar concerns. We’ve previously shared details regarding these additional inquiries, and you can read more via our site. The Tread+ has not been available for sale since 2021 and just last month the Consumer Product Safety Commission (CPSC) recall was extended another year through November 2023. According to Peloton’s most recent comments about the CPSC recall, it appears they are working on a physical rear guard for the device in addition to other potential new safety features. You can read the entire complaint via Bloomberg Law. -------------------------------------------------------------------------------- Want to be sure to never miss any Peloton news? Sign up for our newsletter and get all the latest Peloton updates & Peloton rumors sent directly to your inbox. PinterestFacebookTwitterLinkedInEmail KATIE WEICHER Katie Weicher is a writer for Pelo Buddy. She purchased her Peloton Bike in 2016 and has been riding, strength training, and yoga flowing ever since. You can find her on the leaderboard at #kweich. TRENDING NEWS 11/14 – Peloton Black Friday Discounts offer free accessories with purchase of Bike, Bike+, Tread or Guide 10/12 – Daniel McKenna has sued Peloton for wrongful termination 9/20 – The Peloton Row is officially open for preorders for $3,195 8/16 – Guide for Booking In-Person Studio Classes 4/14 – Peloton is increasing the monthly subscription cost, but lowering the cost of Bike/Bike+/Tread 4/6/22 – The One Peloton Club Bike/Bike+ Rental Program is expanding 4/5 – The Peloton Guide is here and we have a first look and hands-on with the new strength device. STAY CONNECTED * Email * Facebook * Instagram * Pinterest * RSS * Twitter * YouTube PELO BUDDY TV NEWSLETTER SIGNUP! Get our newsletter and stay up-to-date with all the Peloton news you need to know! Subscribe Previous Post (p) Intro to Meditation with Aditi Shah Peloton Program available Next Post (n) New Badge/Flash Challenge - December Holiday Challenge Katie Weicher 2022-11-28T17:10:47-05:00 LEAVE A REPLY CANCEL REPLY Your email address will not be published. Name * E-mail * Δ LATEST POSTS * Rumor: New Pricing Tiers (Peloton App Essential & Peloton App+) for app users coming in 2023 with limits on number of classes you can take per month on lower tiers * Peloton Accessories (Weights & More) in some TJ Maxx, Marshalls, & Sierra Trading Post Stores * Linkin Park Peloton Classes & Workouts – Featured Artist Series * Peloton Tread soft launches in Australia – coming February 2023 and will cost $4,445 AUD * Peloton to Host Toy Drive w/ WHEDco + Meet & Greet with Marcel Dinkins & Rad Lopez * Pelo Buddy TV Episode 110 – Classes with Kanye West songs removed, Peloton closing 16 showrooms, Just Walk for Tread & more Peloton news in this week’s Peloton Podcast * U.S. International Trade Commission Agrees to Take a Look at Dish Network Suit Against Peloton, lululemon, and iFit * Peloton Guide now in-stock at Peloton Retail Stores & Showrooms * “Skip Intro” Button added to the Rower (Peloton Row) TOP PAGES * Holiday/Christmas Class List * 2022 Peloton Gift Guide * Gym, Hotel & Studio Travel Peloton Finder * Best Peloton Accessories (Updated for 2022) * Pelo Buddy TV (Peloton Podcast) * List of Peloton Groups & Teams * Rumors & Announcements * Power Zone Tool * Speciality Workout Guide * Peloton Instructors Directory * FAQs USEFUL LINKS * Contact Us * Submit a News Tip * About Us * Privacy Policy * Terms & Conditions Pelo Buddy is in no way affiliated with Peloton Cycle or Peloton Interactive. Peloton is a registered trademark of Peloton Interactive, Inc. Some links on the site are affiliate links. As an Amazon Associate I earn from qualifying purchases. * Home * Latest News * Groups * TV * Class Guide * Travel * Accessories * FAQs * Rumors & Announcements * Gym, Hotel & Studio Travel Peloton Finder * List of Peloton Groups & Teams * Best Peloton Accessories (Updated for 2022) * 2021 Peloton Gift Guide * Rumors & Announcements * Speciality Workout Guide & List * FAQs – Peloton Frequently Asked Questions * Peloton Instructors * Power Zone Tool × An Elite CafeMedia Lifestyle Publisher