Peloton says it’s subject to DOJ, DHS, and SEC investigations into Tread Plus injuries
Peloton has said that the US Department of Justice (DOJ) and Department of Homeland Security (DHS) have subpoenaed it for documents and information related to its reporting on injuries caused by its Tread Plus treadmill (via ABC News). The company released this information in its annual 10-K form, citing the investigations by the agencies, as well as the Securities and Exchange Commission (SEC), as risks to be disclosed to its investors. You can read excerpts of the document below.
[A] s previously disclosed, we have received reports of a number of injuries associated with our Tread+ product, one of which led to the death of a child. In April 2021, the U.S. Consumer Product Safety Commission (“CPSC”) issued a warning to consumers about…