Peloton’s $19 Million Penalty for Hazardous Treadmills
WASHINGTON, D.C. – The U.S. Consumer Product Safety Commission (CPSC) on Thursday announced a $19 million civil penalty against Peloton Interactive Inc. to settle charges that it knowingly failed to report hazardous treadmills to the agency and knowingly distributed a recalled product in violation of the Consumer Product Safety Act. Martha Perez-Pedemonti, civil justice & consumer rights counsel for Public Citizen, released the following statement:
“The CPSC is right to impose a $19 million civil penalty and compliance program on Peloton. This penalty serves as a reminder that failing to abide by the CPSC’s standards should not be just a cost of doing business. With its unanimous vote to accept the civil penalty against Peloton, the CPSC continues to demonstrate its commitment to protecting consumers and holding companies responsible for endangering their safety.”