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Peloton must face U.S. lawsuit over availability of fitness classes

NEW YORK (Reuters) -A U.S. judge on Thursday said Peloton Interactive (NASDAQ:PTON) Inc must face a proposed class action lawsuit accusing the bike and treadmill maker of...
Peloton must face U.S. lawsuit over availability of fitness classes © Reuters. A stationary bicycle inside of a Peloton store is pictured in the Manhattan borough of New York City, U.S., January 25, 2022. REUTERS/Carlo Allegri

NEW YORK (Reuters) -A U.S. judge on Thursday said Peloton Interactive (NASDAQ:PTON) Inc must face a proposed class action lawsuit accusing the bike and treadmill maker of misleading customers about the "ever-growing" size of its library of on-demand fitness classes.

The lawsuit stemmed from Peloton's March 2019 decision to purge more than half of its estimated 12,000 on-demand classes, after music publishers sued the company for using copyrighted songs in its workout videos without proper licensing.

Customers said the New York-based company knew this could happen, yet kept charging full price for bicycles and monthly subscriptions that included infringing songs from Beyoncé, Luke Bryan, Madonna, Justin Timberlake, Jay Z and others.

In a 40-page decision, U.S. District Judge Lewis Liman in Manhattan said Peloton customers could try to prove that they overpaid because of the company's failing to disclose the "imminent" removal of much of its on-demand library.

Peloton did not immediately respond to requests for comment. Lawyers for the customers did not immediately respond to similar requests.

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01-05-2024 10:45:17 (UTC+7)

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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