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Bioplastics maker Cereplast files for Chapter 11 protection


February 17, 2014 10:37 am ET

Seymour, Ind.-based bioplastics maker Cereplast Inc. on Feb. 10 filed for protection from creditors under Chapter 11 of the U.S. Bankruptcy Code. The company intends to continue to operate. However, one creditor has petitioned the U.S. Bankruptcy...

Formosa settlement approved; JM Eagle wants new trial


January 16, 2014 5:59 pm ET

A federal judge on Jan. 16 approved a $22.5 million settlement that essentially ends a legal dispute between resin supplier Formosa Plastics Co. USA and dozens of government entities that bought PVC pipe of questionable quality for municipal water and sewer systems.

Amcor set to buy Constar


December 19, 2013 7:17 pm ET

Constar Inc. is plunging into bankruptcy court protection for the third time in recent years, and this time the company has a buyer lined up for its assets.

Judge wants more information on Formosa settlement


December 19, 2013 7:01 pm ET

A federal judge has postponed his decision on a $22.5 million settlement proposed to resolve a False Claims Act (FCA) lawsuit between resin supplier Formosa Plastics Co. USA (FPC-USA) and 45 government entities that bought questionable PVC pipe made with its materials by JM Eagle.

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Feng Ping, Chinese toolmaker with Chicago ties, declares bankruptcy


December 17, 2013 5:08 pm ET

Feng Ping Tooling & Plastics Mfg. Co. Ltd., at one time a fast-growing mold making shop in southern China started by two brothers from Chicago, abruptly closed Dec. 16 and filed for bankruptcy. Feng Ping’s story, however, is a little more...

Formosa defends $22.5M settlement in PVC pipe case


December 17, 2013 11:46 am ET

Attorneys for Formosa Plastics Co. USA (FPC-USA) say PVC pipe maker JM Eagle has no legal standing to object to the proposed $22.5 million settlement Formosa reached with 45 government entities in a whistle-blower lawsuit.

JM Eagle urges judge not to accept Formosa settlement


December 9, 2013 6:22 pm ET

Attorneys for JM Eagle are asking a federal judge not to approve a $22.5 million settlement between the plastic pipe maker's former parent company, Formosa Plastics Corp. USA and 45 government entities, saying it is “woefully inadequate.”

JM Eagle reminds customers of 50-year pipe warranty, vows court appeal


December 4, 2013 11:29 pm ET

JM Eagle emailed a letter Thursday to customers, telling them to rest assured North America's largest pipe extruder stands behind its products with a 50-year warranty and will rigorously defend its reputation in court.

3 Takata execs to plead guilty to U.S. price fixing charges


November 22, 2013 10:15 am ET

DETROIT — Three midlevel executives of Japanese supplier Takata Corp. will each plead guilty to one felony charge of conspiracy to fix the price of seat belts in cars built in the United States for Japanese automakers, the U.S. Department of Justice said this week.

JM Eagle potentially liable for billions in damages


November 18, 2013 12:54 pm ET

JM Eagle faces billions of dollars in damages following a federal jury’s decision that North America’s largest manufacturer of PVC pipe knowingly sold substandard product to government entities for water and sewer systems from 1996-2006.

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