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Tag Archives: courts/lawsuits

Plastics giants snatch up CarbonLite plants via auction

Published: May 26, 2021
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CarbonLITE's Dallas recycling facility featuring BHS equipment.

Equipment in CarbonLite’s Dallas PET recycling facility. Indorama Ventures submitted the high bid to acquire the plant during an auction this week.

As part of a bankruptcy case, DAK Americas, Indorama Ventures and The Sterling Group have submitted the high bids to acquire CarbonLite’s PET recycling facilities.

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CarbonLite facility to be auctioned in bankruptcy case

Published: May 5, 2021
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CarbonLite's Reading, Pa. facility exterior at night.

The CarbonLite facility in Reading, Pa. is scheduled to be sold at auction this month. | CarbonLite

The largest CarbonLite PET recycling facility will be auctioned as part of the company’s ongoing bankruptcy proceedings. Virgin resin producer DAK Americas submitted a bid to purchase the Reading, Pa. plant for $96 million.

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Lucent execs sentenced for federal crimes

Published: March 31, 2021
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Court gavel with blurred background.

Money laundering and securities fraud have landed two former plastics recycling executives in federal prison.  | Zolnierek/Shutterstock

Two former executives at Lucent Polymers have been sentenced to years in federal prison, after they pleaded guilty to securities fraud and money laundering charges.

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Lawsuit takes aim at Walmart’s plastic recycling labels

Published: December 16, 2020
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Greenpeace sign on a brick building exterior.

A lawsuit from Greenpeace seeks to force Walmart to change its labeling and conduct a “corrective” advertising campaign. | nitpicker/Shutterstock

Environmental activist group Greenpeace this week accused Walmart of falsely labeling items as recyclable. Walmart and How2Recycle are defending their labeling practices.

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Authorities hit processor with felony environmental charges

Published: May 28, 2020
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Authorities allege Plastic World Recycling violated several environmental regulations by dumping chemical and cleaning products into a storm drain. | AVN Photo Lab/Shutterstock

A Pennsylvania plastics recycling company has been accused of dumping pollutants into a waterway near its facility.

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California accuses CVS of breaking bottle deposit rules

Published: December 11, 2019
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CalRecycle alleges 81 out of CVS Pharmacy’s 848 California stores have not complied with state law. | Simone Hogan/Shutterstock

California regulators say retailer CVS hasn’t complied with bottle and can redemption requirements, and they’re seeking to force the company to fork over nearly $3.7 million.

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