August 30, 2021
Peloton has been subpoenaed by the Department of Justice and the Department of Homeland Security, which are asking for documents and information regarding injuries experienced on its fitness equipment, the company said on Friday, August 27.
The New York City-based fitness company said it was being investigated for injuries associated with its Tread+ treadmill in papers filed with the Securities and Exchange Commission on Friday. The SEC said it’s also investigating Peloton’s public disclosures of injuries associated with its products, Fox Business reports.
Peloton issued a voluntary recall of its Tread and Tread+ treadmill products in May after the U.S. Consumer Product Safety Commission (CPSC) issued an “urgent warning” after one child was killed and citing multiple incidents of “small children and a pet being injured beneath the machines.”
Peloton initially pushed back at the consumer watchdog agency’s warning. Peloton said Friday it was also named in several lawsuits related to the recalls. Peloton did not immediately return Fox Business’ request for comment.
The news comes after the connected fitness company announced on Thursday, August 26, that it would cut the price of its original spin bike by hundreds of dollars from $1,895 to $1,495.
Research contact: @FoxBusiness