Bloomberg Law
Free Newsletter Sign Up
Login
BROWSE
Bloomberg Law
Welcome
Login
Advanced Search Go
Free Newsletter Sign Up

Peloton Drops; CPSC Staff Seeks Fines After Treadmill Recall

Sept. 7, 2022, 11:10 AM

Peloton shares are down as much as 3.1% premarket after the exercise equipment maker said that in August it was notified by the CPSC that the agency staff believes it “failed to meet” its statutory obligations under the Consumer Product Safety Act and intends to recommend that the CPSC impose civil monetary penalties.

  • The action results from the CPSC’s current investigation related to past reports of injuries, including one death, associated with its Tread+ product
  • Filing link Peloton Interactive, Inc.: 10-K 2022/06/30
  • NOTE: May 2021, Peloton Shares Tumble After Treadmill Safety Recall

To contact the reporter on this story:
Janet ...