Waste Management reached a settlement with the U.S. Securities and Exchange Commission related to earlier statements on revenue and earnings expectations.
In the settlement, Waste Management agreed, without admitting to or denying the SEC’s allegations, to an SEC order that the company cease and desist from committing violations of anti-fraud provisions of federal securities laws.
Specifically, the SEC found that by June 9, 1999, the company was aware of negative information about its second-quarter performance. But the company did not issue a public warning that results would be lower than expected until July 6. The SEC did not order a fine as part of the settlement.
Explore the June 2000 Issue
Check out more from this issue and find your next story to read.
Latest from Recycling Today
- Novelis resumes operations in Greensboro, Georgia
- Interchange 360 to operate alternative collection program under Washington’s RRA
- Waste Pro files brief supporting pause of FMCSA CDL eligibility rule
- Kuraray America receives APR design recognition for EVOH barrier resin
- Tire Industry Project publishes end-of-life tire management guide
- Des Moines project utilizes recycled wind turbine blades
- Charter Next Generation joins US Flexible Film Initiative
- Vecoplan to present modular solutions at IFAT 2026
