The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of PTON, ATER and UI
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The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of PTON, ATER and UI

Friday, June 18, 2021 11:30 AM
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NEW YORK, NY / ACCESSWIRE / June 18, 2021 / The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. There is no cost to participate in the suit. If you suffered a loss, you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff.

Peloton Interactive, Inc. (NASDAQ:PTON)
Class Period: September 11, 2020 - May 5, 2021
Lead Plaintiff Deadline: June 28, 2021

The PTON lawsuit alleges Peloton Interactive, Inc. made materially false and/or misleading statements and/or failed to disclose during the class period 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.

Learn about your recoverable losses in PTON: http://www.kleinstocklaw.com/pslra-1/peloton-interactive-inc-loss-submission-form?id=17001&from=1

Aterian, Inc. (NASDAQ:ATER)
Class Period: December 1, 2020 - May 3, 2021
Lead Plaintiff Deadline: July 12, 2021

During the class period, Aterian, Inc. allegedly made materially false and/or misleading statements and/or failed to disclose that: (i) the Company's organic growth is plummeting; (ii) the Company's recent, self-lauded acquisitions were overpayments for flawed assets from questionable sources; (iii) Aterian's purported artificial intelligence software is a flawed product that lacks customer interest; (iv) Aterian uses rebate programs and paid or artificial reviews to pump up their product offerings; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.

Learn about your recoverable losses in ATER: https://www.kleinstocklaw.com/pslra-1/aterian-inc-loss-submission-form?id=17001&from=1

Ubiquiti Inc. (NYSE:UI)
Class Period: January 11, 2021 - March 20, 2021
Lead Plaintiff Deadline: July 19, 2021

The complaint alleges that throughout the class period Ubiquiti Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) the Company had downplayed the data breach in January 2021; (2) attackers had obtained administrative access to Ubiquiti's servers and obtained access to, among other things, all databases, all user database credentials, and secrets required to forge single sign-on (SSO) cookies; (3) as a result, intruders already had credentials needed to remotely access Ubiquiti's customers' systems; 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.

Learn about your recoverable losses in UI: https://www.kleinstocklaw.com/pslra-1/ubiquiti-inc-loss-submission-form?id=17001&from=1

Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. If you suffered a loss during the class period and wish to obtain additional information, please contact J. Klein, Esq. by telephone at 212-616-4899 or visit the webpages provided.

J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
[email protected]
Telephone: (212) 616-4899
Fax: (347) 558-9665
www.kleinstocklaw.com

SOURCE: The Klein Law Firm

The Klein Law Firm
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