Peloton Interactive Inc has agreed to pay a $19 million fine for failing to promptly report a defect with its Tread+ treadmill that could cause serious injury, U.S. regulators said on Thursday. The Consumer Product Safety Commission (CPSC), in a statement, said the civil penalty would resolve the agency’s charges that the company had received more than 150 reports of incidents where users were pulled under and entrapped by the time it notified regulators.
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