Peloton agrees to $19m fine to settle safety reports case

Peloton has agreed to pay a $19m (£16m) fine for failing to promptly report a defect with its Tread+ treadmill that could cause serious injury, US regulators said.

The Consumer Product Safety Commission said the penalty would resolve charges that the company had more than 150 reports of cases where users were pulled under and trapped by the time it notified regulators.

The penalty also settles charges that Peloton knowingly distributed recalled treadmills in violation of the Consumer Product Safety Act.

Peloton said it was pleased to have reached this settlement and said it continues to pursue the CPSC’S approval of a Tread+ rear guard to improve safety.