Authored by: Ollie Lammers
According to Law.com, Peloton's recent recall of their Tread+ and Tread treadmills could impact consumer litigation. The company first resisted recalling the treadmills due to safety concerns.
Last month, their CEO chastised the U.S. Consumer Product Safety Commission's warning about the safety of the treadmills.
The CEO and company are now acknowledging the 72 complaints of injury, including serious incidents involving children, one who died. Their CEO has been saying the company "made a mistake" and acknowledging two lawsuits already filed on behalf of shareholders and consumers.
The company's recall of the treadmills will include software upgrades, full refunds, and other perks designed to diminish the possible economic damages through a consumer class action lawsuit. Peloton claims they delayed the recall of their product due to their customers' privacy concerns, who pay a monthly subscription in addition to the purchase of the treadmill.
Photo Credit: maridav, 123rf.com