Peloton to Pay Penalty Over Botched Treadmill Hazard Response
Peloton couldn’t run away from the consequences of corporate mis-management forever. The fitness equipment and media company has agreed to pay a $19 million penalty in a civil case settlement with the Consumer Products Safety Commission. Previously, the commission had charged Peloton with knowingly distributing a recalled device and ignoring device defects in its Tread+ treadmill that could “could create a substantial product hazard and created an unreasonable risk of serious injury,” said the CPSC in a press statement.…