United States: Class Actions

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Eastern District Of New York Dismisses Proposed Class Action Against Exercise Equipment Company With Prejudice
On March 31, 2026, Judge Margo Brodie of the United States District Court for the Eastern District of New York granted a motion to dismiss a putative class action against an exercise equipment company (the “Company”) and its officers and directors for alleged violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. Tian v. Peloton Interactive, Inc., 23-cv-4279-MKB (E.D.N.Y. Mar. 31, 2026). Having previously granted a motion to dismiss the action with leave to amend, which we covered here, the Court granted this motion to dismiss with prejudice.
United States Commercial
AO
A&O Shearman
Article
Union Accuses Express Scripts Of Illegally Hiding Billions In Drug Company Kickbacks
A Chicago-based union has filed a proposed class action lawsuit against Express Scripts, alleging the pharmacy benefit manager violated RICO by using a Swiss group purchasing organization to hide billions in drug company fees. The lawsuit claims Express Scripts diverted formulary placement fees through Ascent Health Services rather than passing savings to insured parties, breaching its fiduciary duties to help members reduce insurance costs.
United States Employment
HB
Hall Benefits Law
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