Peloton Says U.S. Safety Watchdog Plans to Seek Fines Tied to Treadmill Recall - WSJ

2022-09-10 01:19:54 By : Ms. Anna wang

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https://www.wsj.com/articles/peloton-says-u-s-safety-watchdog-may-seek-fines-tied-to-treadmill-recall-11662557550

Peloton Interactive was warned last month that federal safety regulators plan to seek fines against the company over alleged failures related to the recall of its treadmills last year.

Peloton disclosed in a securities filing Wednesday that the Consumer Product Safety Commission notified the company in August that it believes the company failed to meet its obligations under the Consumer Product Safety Act in connection with its Tread+ treadmill model.

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This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.