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OverviewAPI
Multiple law firms have announced class action lawsuits against Peloton Interactive, Inc. and Rain Oncology Inc., alleging false and misleading statements regarding the safety of their products. The lawsuits claim that Peloton overstated its efforts to enhance product safety, downplayed the need for future product recall expenses, and concealed risks in the design of its Phase 3 MANTRA study. The lawsuits may negatively impact Peloton's business and financial results.

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