Peloton hit with $19M penalty by product safety agency for faulty treadmill

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Peloton hit with $19M penalty by product safety agency for faulty treadmill
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.onepeloton hit with $19M penalty by product safety agency for faulty treadmill

The Tread+ treadmill caused the 150 reported incidents, which included one death and 13 injuries that ranged from broken bones to lacerations and friction burns, per the CPSC.The product was recalled by Peloton and the CPSC on May 5, 2021, but the commission alleged the company distributed 38 of the treadmills after the recall.

"I am pleased that my fellow Commissioners joined me to unanimously approve the proposed settlement agreement with Peloton Interactive, Inc. to resolve charges that Peloton failed to report that its Tread+ treadmill created an unreasonable risk of serious injury or death or had a defect which could create a substantial product hazard.

A spokesperson for Peloton told the Washington Post that they remain"deeply committed to the safety and well-being of our Members and to the continuous improvement of our products."CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER The settlement also calls for Peloton to"maintain an enhanced compliance program and system of internal controls and procedures designed to ensure compliance with the CPSA."

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