CLASS ACTION UPDATE for FULC, FNKO and PTON: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

NEW YORK, NY / ACCESSWIRE / June 21, 2023 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court. Further details about the cases can be found at the links provided. There is no cost or obligation to you.

FULC Shareholders Click Here: https://zlk.com/pslra-1/fulcrum-lawsuit-submission-form?prid=41129&wire=1
FNKO Shareholders Click Here: https://zlk.com/pslra-1/funko-lawsuit-submission-form?prid=41129&wire=1
PTON Shareholders Click Here: https://zlk.com/pslra-1/peloton-lawsuit-submission-form?prid=41129&wire=1

* ADDITIONAL INFORMATION BELOW *

Fulcrum Therapeutics, Inc. (NASDAQ:FULC)

FULC Lawsuit on behalf of: investors who purchased March 3, 2022 - March 8, 2023
Lead Plaintiff Deadline : June 27, 2023
TO LEARN MORE, VISIT: https://zlk.com/pslra-1/fulcrum-lawsuit-submission-form?prid=41129&wire=1

According to the filed complaint, during the class period, Fulcrum Therapeutics, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) the preclinical data submitted in support of FTX-6058 (an investigational oral fetal hemoglobin inducer for the treatment of sickle cell disease and other hemoglobinopathies) showed safety concerns regarding potential hematological malignancies; (ii) the foregoing safety concerns increased the likelihood that the FDA would place a clinical hold on preclinical studies of FTX-6058; (iii) accordingly, the Company had overstated FTX-6058's clinical and/or commercial prospects; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.

Funko, Inc. (NASDAQ:FNKO)

FNKO Lawsuit on behalf of: investors who purchased May 6, 2022 - March 1, 2023
Lead Plaintiff Deadline : August 1, 2023
TO LEARN MORE, VISIT: https://zlk.com/pslra-1/funko-lawsuit-submission-form?prid=41129&wire=1

According to the filed complaint, during the class period, Funko, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) Funko was experiencing significantly larger delays in implementing its enterprise resource planning ("ERP") software than it was disclosing to investors; (ii) having moved into a new warehouse without functioning ERP software in place would lead to dramatically higher costs and poorer inventory management practices; and (iii) Funko's inability to efficiently operate the new distribution center would have a substantial, undisclosed impact on Funko's earnings before interest, taxes, depreciation, and amortization ("EBITDA") margin.

Peloton Interactive, Inc. (NASDAQ:PTON)

PTON Lawsuit on behalf of: investors who purchased May 10, 2022 - May 10, 2023
Lead Plaintiff Deadline : August 8, 2023
TO LEARN MORE, VISIT: https://zlk.com/pslra-1/peloton-lawsuit-submission-form?prid=41129&wire=1

According to the filed complaint, during the class period, Peloton Interactive, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) the seat posts for certain of the Company's Peloton Bikes were prone to break or otherwise detach during use, rendering them unsafe for users; (ii) as a result, the Company was likely to recall millions of Peloton Bikes; (iii) accordingly, Peloton overstated its efforts to enhance the safety of its products, understated its estimated future returns, and downplayed the Company's need to book additional reserves for future product recall expenses; (iv) all the foregoing, once revealed, was likely to negatively impact the Company's business and financial results and reputation; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.

You have until the lead plaintiff deadlines to request that the court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Eduard Korsinsky, Esq.
55 Broadway, 4th Floor Suite #427
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

SOURCE: Levi & Korsinsky, LLP

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