Litigation Team Receives Law360 Legal Lions Of The Week Shout-Out

Law360 named a Covington litigation team among their Legal Lions of the Week after a New York federal judge threw out a proposed investor action alleging Peloton Interactive Inc. overstated the safety of its bikes before 2.2 million products were recalled over a bike seat defect. The ruling held that the shareholders didn't adequately allege that the exercise company had made any misleading statements. U.S. District Judge Margo K. Brodie granted Peloton's motion to dismiss, though she gave the investors 30 days to file an amended complaint.

The Covington team representing Peloton included Mark Gimbel, Robert Gianchetti, and Jordan Joachim.