Peloton will pay $19 million for not reporting fatal Tread+ safety issues immediately
Peloton is ready to end its battle with regulators over Tread+ safety issues. The fitness equipment maker has agreed to pay just over $19 million to settle Consumer Product Safety Commission charges that it broke the law through its response to both injury reports and the ensuing recall. The company started receiving reports of people, pets and objects being pulled under the Tread+ as far back as December 2018, but didn’t “immediately” report them as required by law, according to the CPSC. By the time Peloton filed a report, there were over 150 known incidents that included a child’s death and 13 injuries.
The firm is also accused of knowingly distributing treadmills after the recall began in May 2021. Couriers delivered 38 units, according to the CPSC. On top of the payout, the deal requires that Peloton institute a compliance program and provide yearly
In a statement to Engadget, a spokesperson said Peloton was “pleased” to settle with the CPSC and would cooperate on improving product safety. The representative added that the company was still seeking approval for a rear guard that would bolster Tread+ safeguards.
The settlement comes more than a year after a public fight over the Tread+ design. …read more
