Peloton CFO Sid Thacker says the company has received $3 million in tariff refunds from the federal government, with more expected but not in their forecast.
Lawsuits
Jury Rules Against Peloton in NEC Streaming Patent Lawsuit, Awards $20.5 Million
A federal jury in Delaware has found that Peloton infringed an NEC Corporation patent covering content-streaming technology, and awarded NEC $20.5 million.
Peloton Hit with New Patent Lawsuit Over the Peloton Row’s Form Assist Feature
Peloton has been sued over the Peloton Row’s Form Assist feature, using three patents that trace back to a camera-based Pilates system.
Peloton Hit with Patent Lawsuit from Non-Practicing Entity in Texas
A non-practicing entity called Portus has sued Peloton over two home-security patents, part of a wider campaign that has also targeted Tonal, iFit, Amazon, and Samsung.
Judge Dismisses Shareholder Lawsuit Accusing Peloton of Concealing Bike Rust and Safety Issues Before Recall
A federal judge has dismissed the Solomon v. Peloton shareholder lawsuit alleging the company concealed quality control problems, including painting over rust on bike seat frames, ahead of the 2023 recall of 2.2 million original Bikes. This is the second time the case has been dismissed.
Peloton Files Lawsuit Against US Government (Customs and Border Protection) Over Tariffs, Seeking Refunds
Peloton is suing the United States Customs and Border Protection Agency, alleging that tariffs they have been paying are unlawful.
Appeals court rules in Peloton’s favor over Bike+ trademark lawsuit
An appeals court has ruled in Peloton’s favor again related to a trademark dispute over the Bike+ name with the company World Champ Tech.
New Lawsuit Filed Over Peloton Apparel Text Messages Spam
A Florida resident has filed a proposed class action lawsuit accusing Peloton’s apparel division of repeatedly sending unwanted marketing text messages, even after unsubscribing.
Settlement of multiple lawsuits against Peloton, requiring corporate governance enhancements, granted preliminary approval
A court has granted preliminary approval for the settlement of several lawsuits filed against Peloton.
Judge dismisses class action lawsuit against Peloton over bike seat post recall (for now)
A judge has dismissed (for now) a proposed class action lawsuit against Peloton for how the original Peloton Bike seat post recall was handled.
Peloton ends lawsuits related to patent disputes over Peloton Tread & Tread+
Peloton has ended a lawsuit with Johnson Health Technology (JHT) related to a patent dispute over the Peloton Tread & Tread+
Multiple lawsuits against Peloton nearing resolution
Four different lawsuits against Peloton are nearing a resolution this week, with one case being dismissed and a settlement being agreed to in another three cases.