A trucking company connected to KW Plastics will pay more than $3 million in a settlement with the federal government. The case stems from improper transport of hazardous material to a KW recycling facility in California.
PET reclaimer Loop Industries has settled a longstanding lawsuit concerning the company’s stock. Meanwhile, the business recently sold millions of dollars worth of stock to an unnamed institutional investor.
A plastics manufacturer falsely claimed recycled-content products were made from virgin resin as part of a wider scheme to defraud customers and investors, federal regulators said this week.
Authorities have seized thousands of pounds of beverage containers and made multiple arrests in an alleged scheme to defraud the container deposit program in California.
A Florida man who led investors to believe his company had proprietary EPS recycling technology has been sentenced to prison for defrauding investors in that venture and a handful of others.
The world’s largest e-commerce company will pay $1.5 million to settle allegations it broke California law on the marketing of plastics as “biodegradable” or “compostable.”