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The company in May decided to recall its treadmills, after multiple reports of injuries and death of a child in an accident.
Peloton (NASDAQ:PTON) 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.
