Peloton settles derivative suit fee claim for $125K; court closes action

PELOTON INTERACTIVE, INC.

Class action alleging breach of fiduciary duty over bylaws was dismissed with prejudice in April 2024 after bylaws amendment.
Parties agreed to resolve fee application: Peloton pays $125,000 to plaintiff’s counsel.
Court entered closing order on November 1, 2024, pending confirmation of this notice.
No admission of wrongdoing; court did not review reasonableness of fee payment.

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