Troubled exercise firm Peloton has agreed to pay a $19 million civil penalty for how it illegally failed to immediately report its treadmill defects to the US Consumer Product Safety Commission (CPSC).Before the company benefited from coronavirus lockdowns, and then later saw sales drop precipitously again, Peloton treadmills featured a hazard that could cause serious injury.In 2021, the CPSC issued an urgent warning, saying the treadmill posed "serious risks to children for abrasions, fractures, and death." The authority advised owners to stop using the machine immediately, if there were children or small pets in the home. Read more
