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Tag Archives: courts/lawsuits

Furnace supplier scores win in BlueOak case

Published: September 3, 2020
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Court gavel

An arbitrator found that BlueOak breached and then wrongfully terminated its contract with Tetronics. | Brian A Jackson/Shutterstock

An international dispute arbitrator awarded over $8 million to a U.K. equipment company that provided a furnace to process printed circuit boards in Arkansas.

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Lawsuits pile on after ITAD vendor’s data mismanagement

Published: August 27, 2020
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Multiple lawsuits accuse Morgan Stanley of negligence, breach of contract, violation of data security laws and more. | enzozo/Shutterstock

Morgan Stanley faces seven class action lawsuits related to an ITAD vendor’s alleged lapse in data security protocols, and the financial institution is considering legal action against the unnamed processor.

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Court issues order against former EWSI CEO

Published: August 27, 2020
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Exterior of the U.S. Securities and Exchange Commission building.

The court’s order awards the SEC $170,630 in disgorgement, or legally mandated repayment of ill-gotten gains, plus interest on that amount. | Jer123/Shutterstock

The U.S. Securities and Exchange Commission has prevailed in its case against a former e-scrap executive, after the defendant failed to respond to the lawsuit.

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Morgan Stanley faces lawsuits from ITAD data mishap

Published: August 6, 2020
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Open lock against a green binary code screen.

Morgan Stanley says it has not detected unauthorized use of personal information related to the recent data security incidents. | Chim/Shutterstock

Financial institution Morgan Stanley recently told customers an ITAD vendor’s mistakes may have left personal information susceptible to misuse. Multiple clients have filed suit against the investment firm.

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Abandoned Closed Loop material seems destined for disposal

Published: July 2, 2020
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Abandoned CRT material inside the former Closed Loop site.

An overview of the abandoned material at the former Closed Loop facility on Fairwood Avenue in Columbus, Ohio. | Courtesy of DEC Enviro

Consultants estimate that recycling 30 million pounds of CRT glass at an Ohio warehouse would add $1.7 million to a $5 million cleanup bill, so they’re proposing to landfill the glass instead.

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Former CRT firm leaders and bank face fraud accusations

Published: July 23, 2020
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Gavel on a desk.

A former Wisconsin state senator has filed a lawsuit against former e-scrap executives. | dream79/Shutterstock

Shuttered e-scrap company 5R Processors has been at the center of a stockpiling saga. Now, a former state senator in Wisconsin says executives from the company duped him into backing the firm in 2013.

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Court affirms sentence for former e-scrap CEO

Published: June 11, 2020
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Court gavel sitting on a laptop.

Former e-scrap executive Robert Boston remains in prison in Beaver, W.Va. with an April 8, 2027 release date. | New Africa/Shutterstock

A federal appeals court has upheld a 10-year prison sentence for Robert M. Boston, who led the now-closed e-scrap startup Zloop before he was convicted of financial crimes.

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Details emerge on scope of Closed Loop CRT cleanup

Published: May 14, 2020
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A photo from consulting firm AECOM shows a view inside of 1655 Watkins Road in 2015, when Closed Loop still operated in the space.

E-scrap company Novotec will be paid up to $14 million to recycle or dispose of over 128 million pounds of CRT materials at former Closed Loop Refining and Recovery warehouses in Ohio, newly released documents show.

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