Peloton Interactive Inc. allegedly failed to tell investors that its Tread+ product could injure or kill children and pets, according to a new would-be class lawsuit filed Thursday in federal court in New York.
The exercise equipment and workout streaming company claimed to prioritize safety but didn’t disclose how its newest treadmill could harm children and pets, investors told the U.S. District Court for the Eastern District of New York. The company in March announced that a child had died in a “tragic accident” involving the Tread+ and gave users some safety tips.
Peloton reaffirmed its commitment to safety in ...
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