Feds subpoena Peloton over child death and injuries linked to its treadmills

Peloton Interactive faces federal scrutiny over its handling of accidents involving its treadmills in which one child died and dozens of people were injured, the fitness equipment maker disclosed on Friday.

The Department of Justice and the Department of Homeland Security have subpoenaed Peloton for documents and other information related to its reporting of injuries involving its products, the company stated in a regulatory filing. It's also being investigated by the Securities and Exchange Commission over its public disclosure of the accidents. The development comes only days after Peloton said it would relaunch a redesigned and lower-cost treadmill in the U.S. next week. The $2,495 Tread's prior rollout came to a stop in May, with Peloton recalling the treadmill to fix a problem that had its touchscreen detaching and falling on some users.