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.
While many e-scrap companies have begun avoiding the CRT-heavy streams that define local government collections, the leader of one major processor says cities continue to be valuable partners for his firm.
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.
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.
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.