The exercise equipment company Peloton has agreed to pay a $19,065,000 civil penalty in a settlement for failing to report defective equipment and knowingly selling recalled treadmills.
Beginning in December 2018 and continuing through 2019, Peloton began receiving reports of injuries related to its Tread+ treadmill product. The U.S. Consumer Product Safety Commission (CPSC) said in a Thursday press release that Peloton failed to immediately report these issues.
According to the CPSC, by the time the company did finally disclose the safety issues, the government agency had gathered more than 150 reports of people, pets, and objects being pulled under the rear of the treadmills….