The Story of Peloton’s 3-Year Nightmare | Corporate Casket
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Peloton Tread Plus Accident - A Child Died
The Consumer Product Safety Commission deemed Peloton's Tread Plus to be unsafe for adult users, children, and pets. After the CPSC announced to the public that the product was dangerous, Peloton called the warning misleading and inaccurate. A California woman sued the company for marketing the product as being safe even after the federal agency issued a urgent safety warning. The shareholder-class action lawsuit alleged that the company had defrauded its investors by claiming that their $4,000 treadmill was safe. Just nine days later, Peloton faced another lawsuit, this time from its investors. Finally, after realizing that just… maybe… ignoring a federal agency and 70 reported injuries wasn't the best idea in
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