• Loading stock data...
Friday, July 4, 2025
Law

Peloton Facing Lawsuits, Government Investigations

  • Peloton is facing investigations from four different government agencies.
  • At least six private lawsuits have been filed against the company.
peloton_logo_on_treadmill_and_weights
Peloton/Design: Alex Brooks

Peloton has sought to move on from the unfortunate rollout of its treadmills, but action from four government agencies and a handful of private lawsuits will make that impossible for the time being.

Safety issues with the Peloton Tread+ were connected to at least 70 injuries and the death of a child. In May, Peloton issued a voluntary recall on the hardware after initially claiming there was no need to do so.

In a filing with the Securities and Exchange Commission, Peloton said it was cooperating with a swell of investigations related to the fiasco.

  • The company said it was under investigation from the Consumer Product Safety Commission.
  • The Department of Justice and Department of Homeland Security subpoenaed it for documents and other information regarding the treadmill injuries.
  • The SEC is investigating the company’s public disclosures about the injuries.
  • Peloton also mentioned that three class actions and three shareholder lawsuits, which allege “unjust enrichment, abuse of control, gross mismanagement, and waste” have been filed against the company. 

Peloton is releasing a revamped Tread machine with new safety features on Aug. 30 for $2,495, a steep drop from the original $4,300 price.

The recall weighed on its fiscal fourth-quarter revenue, which dropped 25.8% from the previous quarter to $937 million.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Nov 29, 2024; Indianapolis, Indiana, USA; Detroit Pistons guard Malik Beasley (5) celebrates a shot in the second half against the Indiana Pacers at Gainbridge Fieldhouse.

Malik Beasley’s Messy Offseason Includes $2.25M Suit From Ex-Agency

The former Pistons player is not having a good summer.
Jun 19, 2025; Indianapolis, Indiana, USA; Indiana Pacers guard Andrew Nembhard (2) drives to the basket against Oklahoma City Thunder forward Chet Holmgren (7) during the third quarter during game six of the 2025 NBA Finals at Gainbridge Fieldhouse.

‘Existential Threat’: Underdog Sports Sues to Stop AG’s Fantasy Sports Opinion

The California AG is expected to release his opinion by Thursday.
Nov 23, 2024; Tempe, Arizona, USA; Brigham Young Cougars quarterback Jake Retzlaff (12) against the Arizona State Sun Devils at Mountain America Stadium.

Rape Suit Against QB Retzlaff Dismissed, but He’s Still Leaving BYU

Retzlaff admitted to “consensual” sex, violating BYU’s strict honor code.

Featured Today

3,000 Hot Dogs, $20K in Prizes: Behind the Nathan’s Eating Contest

Nathan’s serves up thousands of hot dogs and $20,000 in prize money.
July 3, 2025

Geoffrey Esper Can’t Catch a Break at Nathan’s Hot Dog Eating Contest

“Hot dogs is not one of my favorite competitions of the year.”
June 29, 2025

The Battle Over Wimbledon’s Ambitious Expansion Plan

A classic NIMBY standoff on one of the most hallowed grounds in sports.
Seattle Rough & Tumble
June 28, 2025

Women’s Sports Bars Are on the Rise. Survival Isn’t Guaranteed

Some women’s sports bars are cashing in. Others are clawing for funding.
Dec 24, 2022; Cleveland, Ohio, USA; Cleveland Browns quarterback Deshaun Watson (4) warms up before the game between the Browns and the New Orleans Saints at FirstEnergy Stadium
June 24, 2025

Unearthed NFL Arbitration Ruling Raises More Questions Than Answers

The NFL was cleared of collusion, but new questions have emerged.
Wimbledon
June 25, 2025

Players Suing Tennis Begin Negotiations With Grand Slams

They may add the Slams as defendants if talks fail in 90 days.
Sponsored

Hottest Matchups Following NFL Schedule Release

The NFL released the 2025 regular-season schedule, and anticipation is already building in the ticket marketplace with four months to go.
Apr 24, 2025; Inglewood, California, USA; Los Angeles Clippers guard James Harden (1) controls the ball against the Denver Nuggets during the second half of game three in the first round for the 2024 NBA Playoffs at Intuit Dome.
June 24, 2025

James Harden Sued for Negligence in Sexual Assault Case

Harden hosted the party where the alleged incident happened.
Jun 23, 2025; San Diego, California, USA; San Diego Padres right fielder Fernando Tatis Jr. (23) rounds the bases after hitting a solo home run during the ninth inning against the Washington Nationals at Petco Park.
June 24, 2025

Tatis Sues Big League Advance for ‘Predatory’ Future Earnings Deal

Tatis would owe $34 million from his current deal alone.
Jul 7, 2023; Bronx, New York, USA; New York Yankees third baseman Josh Donaldson (28) react after striking out during the fifth inning against the Chicago Cubs at Yankee Stadium.
June 23, 2025

Former Yankee Josh Donaldson Wins $222K in Lawsuit Against Landlord

Donaldson played the 2022 and 2023 seasons for the Yankees.
Jun 8, 2025; Brooklyn, Michigan, USA; NASCAR Cup Series driver Denny Hamlin (11) celebrates with his team, holding up three fingers, one for each of his victories at Michigan International Speedway, after winning the FireKeepers Casino 400.
June 18, 2025

Judge Urges Michael Jordan, Co-Plaintiffs to Settle With NASCAR

Jordan’s racing team filed a co-suit in October alleging antitrust practices.