DOJ, DHS Subpoena Peloton Over Injuries

(Ethan Miller/Getty Images)

Friday, 27 August 2021 07:19 AM EDT ET

Peloton Interactive Inc said on Friday the U.S. Department of Justice and the Department of Homeland Security had subpoenaed the company for documents and information related to injuries associated with its exercise machines.

The company in May decided to recall its treadmills, after multiple reports of injuries and death of a child in an accident.

Peloton said the U.S. securities regulator was also investigating the company's public disclosures related to the injuries, adding that it had been named in several lawsuits associated with the recalls.

The company's shares fell nearly 10% to $102.83 before the bell.

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Peloton Interactive Inc said on Friday the U.S. Department of Justice and the Department of Homeland Security had subpoenaed the company for documents and information related to injuries associated...
peloton, treadmill, subpoena, doj, dhs, injuries
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2021-19-27
Friday, 27 August 2021 07:19 AM
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