September 18, 2024
Investors in plastic recycling company PureCycle have asked a Florida federal judge to grant final approval to a $12 million deal to end a proposed class action alleging the company misled shareholders about its technology, financial projections and access to raw materials, roughly two years after the court temporarily tossed it for being imprecise.
August 04, 2022
A Florida federal judge on Thursday dismissed a proposed investor class action alleging plastic recycling company PureCycle misled shareholders about its technology, financial projections and access to raw materials, finding the suit wasn't precise enough but giving the investors a chance to file their complaint again.
May 12, 2021
A proposed class of investors is accusing Florida plastic recycling company PureCycle of misleading them about its technology and financial projections, as well as its access to raw materials, as it went public through a merger with a blank-check company earlier this year.