An $11.2 million cleanup, $9.6 million property sale and $1 million “orphan share” – those were just a few key figures to emerge as the years-long legal battle over Closed Loop’s massive stockpile concludes.
An $11.2 million cleanup, $9.6 million property sale and $1 million “orphan share” – those were just a few key figures to emerge as the years-long legal battle over Closed Loop’s massive stockpile concludes.
The owner of a shuttered e-scrap company will avoid prison time but will still have to fund the cleanup of CRT materials in North Carolina.
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Owners of Phoenix warehouses filed a federal lawsuit against e-scrap companies that shipped CRT materials to Closed Loop Refining and Recovery, and already two defendants have agreed to pay out roughly $1 million each.
Owners of a farm across the road from a planned e-scrap smelter in Indiana filed a lawsuit seeking to halt the project, arguing that a facility of its type isn’t allowed by the local zoning code.
Under a legal settlement submitted this week, warehouse owners will drop their CRT lawsuit against Samsung, LG and MRM. E-scrap processor Kuusakoski, however, will pay another $1 million.
This story has been updated.
Another OEM and two electronics recycling companies have agreed to help fund cleanup of CRT materials abandoned by Closed Loop Refining and Recovery in Columbus, Ohio.
One of the largest wireless carriers in the country filed suit against its phone resale and recycling vendor, claiming it has been shortchanged $6.6 million.
This story has been updated.
Morgan Stanley’s years of IT asset disposition errors have cost the banking giant over $163 million, according to an updated E-Scrap News tally. New details on the data loss incidents have also recently come to light.
Sony Electronics and EWASTE+ agreed to pay a combined $2.4 million to end their years-long entanglement in a lawsuit over CRT materials abandoned in Ohio.
A resolution may be near in the years-long legal battle over who should help fund the cleanup of about 150 million pounds of abandoned CRT materials in Columbus, Ohio.