Current:Home > InvestFastexy:Keurig to pay $1.5M settlement over statements on the recyclability of its K-Cup drink pods -Capitatum
Fastexy:Keurig to pay $1.5M settlement over statements on the recyclability of its K-Cup drink pods
SafeX Pro Exchange View
Date:2025-04-07 16:20:37
Keurig Dr Pepper Inc. will pay $1.5 million to settle charges that it made inaccurate statements about the recyclability of its K-Cup single use beverage pods,Fastexy according to the U.S. Securities and Exchange Commission.
In annual reports for fiscal years 2019 and 2020, Kuering stated that its testing with recycling facilities “validate(d) that (K-Cup pods) can be effectively recycled.” However, according to the SEC, Keurig failed to disclose that two of the country’s biggest recycling companies had expressed significant concerns to the company about the commercial feasibility of curbside recycling of K-Cup pods at that time and indicated that they did not presently intend to accept the pods for recycling.
Keurig agreed to a cease-and-desist order and to pay the civil penalty without admitting or denying the findings, according to the SEC.
Keurig Dr Pepper, based in Burlington , Massachusetts, said in an emailed statement that it was glad to resolve the matter.
“Our K-Cup pods are made from recyclable polypropylene plastic (also known as #5 plastic), which is widely accepted in curbside recycling systems across North America,” the company said. “We continue to encourage consumers to check with their local recycling program to verify acceptance of pods, as they are not recycled in many communities. We remain committed to a better, more standardized U.S. recycling system for all packaging materials through KDP actions, collaboration and smart policy solutions.”
veryGood! (45552)
Related
- Vance jokes he’s checking out his future VP plane while overlapping with Harris at Wisconsin airport
- Beyoncé Just Revealed the Official Name of Act II—And We’re Tipping Our Hats to It
- Derrick Henry to sign with Baltimore Ravens on two-year contract, per reports
- Chicken al Pastor returns to Chipotle menu after monthslong absence
- How effective is the Hyundai, Kia anti-theft software? New study offers insights.
- Jenifer Lewis thought she was going to die after falling 10 feet off a hotel balcony
- Married Idaho couple identified as victims of deadly Oregon small plane crash
- The Daily Money: Trader Joe's tote goes viral
- Shilo Sanders' bankruptcy case reaches 'impasse' over NIL information for CU star
- Reddit is preparing to sell shares to the public. Here’s what you need to know
Ranking
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Airbnb bans indoor security cameras for all listings on the platform
- Man convicted of shooting Indianapolis officer in the throat sentenced to 87 years in prison
- Kate Spade Outlet’s Extra 20% off Sale Includes Classic & Chic $39 Wristlets, $63 Crossbodies & More
- The seven biggest college football quarterback competitions include Michigan, Ohio State
- Lawsuit accuses Columbia of singling out 2 pro-Palestinian groups by suspending them after protest
- Prince William Attends Thomas Kingston’s Funeral Amid Kate Middleton Photo Controversy
- Xenophobia or security precaution? Georgia lawmakers divided over limiting foreign land ownership
Recommendation
The Daily Money: Spending more on holiday travel?
Illinois police identify 5 people, including 3 children, killed when school bus, semitruck collide
Scott Peterson appears virtually in California court as LA Innocence Project takes up murder case
Caitlin Clark, Iowa set conference tournament viewership record after beating Nebraska
The Best Stocking Stuffers Under $25
Jessie James Decker Details How Her Kids Have Adjusted to Life With Baby No. 4
Wild horses facing removal in a North Dakota national park just got another strong ally: Congress
Man suspected of robberies fatally shot by Texas officers after the robbery of a liquor store