CLASS ACTION UPDATE for VRM, CAN and PTON: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders
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CLASS ACTION UPDATE for VRM, CAN and PTON: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

Friday, May 21, 2021 6:00 AM
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Levi & Korsinsky, LLP

NEW YORK, NY / ACCESSWIRE / May 21, 2021 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court. Further details about the cases can be found at the links provided. There is no cost or obligation to you.

VRM Shareholders Click Here: https://www.zlk.com/pslra-1/vroom-inc-loss-submission-form?prid=16028&wire=1
CAN Shareholders Click Here: https://www.zlk.com/pslra-1/canaan-inc-loss-submission-form?prid=16028&wire=1
PTON Shareholders Click Here: https://www.zlk.com/pslra-1/peloton-interactive-inc-loss-submission-form?prid=16028&wire=1

* ADDITIONAL INFORMATION BELOW *

Vroom, Inc. (NASDAQ:VRM)

VRM Lawsuit on behalf of: investors who purchased June 9, 2020 - March 3, 2021
Lead Plaintiff Deadline : May 21, 2021
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/vroom-inc-loss-submission-form?prid=16028&wire=1

According to the filed complaint, during the class period, Vroom, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Vroom had not demonstrated that it was able to control and scale growth in respect to its salesforce to meet the demand for its products; (2) as a result, the Company was forced to discount aged inventory to move through its retail channels or liquidated in its wholesale channels; (3) as a result, the ecommerce gross profit per unit was reasonably likely to decline; and (4) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Canaan Inc. (NASDAQ:CAN)

CAN Lawsuit on behalf of: investors who purchased February 10, 2021 - April 9, 2021
Lead Plaintiff Deadline : June 14, 2021
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/canaan-inc-loss-submission-form?prid=16028&wire=1

According to the filed complaint, during the class period, Canaan Inc. made materially false and/or misleading statements and/or failed to disclose that: they concealed that due to ongoing supply chain disruptions and the introduction of the Company's next-generation A12 series bitcoin mining machines - which had cannibalized sales of the older product offerings - Canaan's 4Q20 sales had declined more than 93% year-over-year compared to its fourth quarter fiscal year 2019 ("4Q19") sales and more than 93% quarter-over-quarter compared to its third quarter FY20 ("3Q20") sales.

Peloton Interactive, Inc. (NASDAQ:PTON)

PTON Lawsuit on behalf of: investors who purchased September 11, 2020 - April 16, 2021
Lead Plaintiff Deadline : June 28, 2021
TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/peloton-interactive-inc-loss-submission-form?prid=16028&wire=1

According to the filed complaint, during the class period, Peloton Interactive, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) in addition to the tragic death of a child, Peloton's Tread+ had caused a serious safety threat to children and pets as there were multiple incidents of injury to both; (2) safety was not a priority to Peloton as defendants were aware of serious injuries and death resulting from the Tread+, yet did not recall or suggest a halt of the use of the Tread+; (3) as a result of the safety concerns, the U.S. Consumer Product Safety Commission ("CPSC") declared that the Tread+ posed a serious risk to public health and safety and urgently recommended that consumers with small children cease using the Tread+; (4) the CPSC also found a safety threat to Tread+ users if they lost their balance; and (5) as a result of the foregoing, defendants' statements about Peloton's business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

You have until the lead plaintiff deadlines to request that the court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

SOURCE: Levi & Korsinsky, LLP

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