Investors hit Peloton Interactive Inc. on Thursday with the first New York federal securities class action to accuse the at-home fitness equipment and interactive media brand of knowingly overstating its growth prospects during the COVID-19 pandemic.

A Florida-based pension fund, and its Bernstein Litowitz Berger & Grossman and Klausner, Kaufman, Jensen & Levinson attorneys, said in a 25-page complaint that the company—whose product became emblematic of maintaining a healthy lifestyle during lockdown—had “repeatedly, falsely assured” investors that its success was not a result of the pandemic, but rather sustainable growth that would continue even after the public health crisis waned.